Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Sunday, 21 December 2014
Login |  Register 
 
Find Products or Services in your local community
 
KSCB Radio News US National Business Health & Science Political World Sports Top NPR Headlines Sports National Headlines
State Pension Plan Moves Forward
03/21/2013

A Kansas House committee has voted to authorize $1.5 billion in bonds to bolster the state pension system for teachers and state government workers.
 
     But the Pensions and Benefits Committee vote Thursday was 7-6, reflecting a split over whether the legislation does enough to address a long-term funding gap facing the pension system.
 
     The Kansas Public Employees Retirement System projects a $9.3 billion gap between anticipated revenues and benefits promised to public employees through 2033. The system's assets would cover about 53 percent of its obligations.
 
     KPERS Executive Director Alan Conroy has said putting the proceeds from the bonds into the pension system would bump up the funding ratio more quickly than it would rise otherwise.
 
     The bill goes next to the full House for debate.

 

© Associated Press
You will need to be logged in to leave a comment.
Please Login

characters left

The posting of advertisements, profanity, or personal attacks is prohibited.
Click here to review our Terms of Use.



MOST VIEWED STORIES
Wind Turbine Collapses in Haskell County
Feral Hogs with Pseudorabies Found in Panhandle
Scam Alert From Southern Pioneer Electric
Accident Claims The Life Of A Holcomb Woman
Step Out In Blue
High Plains Aquifer Declining
New State Division Formed To Fight Cattle Theft
Plunging Oil Prices Hurt Kansas Producers
Teresa Childress To Have A "Memorable Christmas
Southwest Medical Center Adds Hospitalist
Click Here For All Stories

LATEST STORIES
Redskin Defense Stifles Perryton
Lady Skins Grab First Win of the Season
Friday's Scores
South Wrestling Placers at ARMS Tournament
Teresa Childress To Have A "Memorable Christmas
Southern Pioneer Offers Youth Trips To Washington DC
Southwest Medical Center Adds Hospitalist
Plains Elementary 5th Graders Declare Pluto a Planet
Step Out In Blue
Friday's Games and Thursday's Scores
Click Here For All Stories
Click Here for KSCB Talk Radio 1270 am
Click Here for B107.5
Click Here for The Legend 102.7
click Here for ozzBlog
Click Here for the Emergency Alert Hanbook

©2014 Seward County Broadcasting Company, Inc.
1410 N. Western Ave. Liberal, KS 67901

Emergency Alert System | EEO Public Report Form | The Public and Broadcasting

Powered by Radio Media Group