"A bill to help prop up the Kentucky Teachers' Retirement System with $3.3 billion in pension obligation bonds fell apart Wednesday after state lawmakers failed to sign off on the proposal before the legislative session ended. HB 4, which also called for phasing into the full actuarial required contribution rate, passed the House on Feb. 23 but met resistance in the Senate. State senators voted earlier this month to create a task force of legislators to study the funding level and benefits provided by the $18.1 billion Frankfort-based pension fund in lieu of a bond issuance."