Monday, 20 May 2013
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
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
Western Kansas Soldier Drowns In Afghanistan
Gruver Leaves Liberal for Winfield
City Commission meets, Approves Purchases, Board Appointments
Four Car Crash Injures Liberal Man in Garden City
Public Retirement Reception For Outgoing SCCC/ATS Instuctors
LHS Principal Keith Adams and USD 480 Honored at State Capitol
Kansas Court Of Appeals Hears Area Cases
AG Hopes For New Identity Theft Law
Liberal Sends Lengthy List to State
Kansas Common Core Critics To Voice Concerns
Click Here For All Stories

LATEST STORIES
Hasik Makes All WAC Baseball List in Freshman Year
WAC Coaches Leave Liberal Off All WAC Softball List
Liberal Left Off All WAC Team in Girls Soccer
Seward Softball Player on the Mark in Classroom
Former Lady Saint Lands Heach Coaching Job at Tech
Kiwanis Honors Students
Kansas Tax Talks Stall
Begley and Stout Swing Away at State  
Four Car Crash Injures Liberal Man in Garden City
Liberal Sends Lengthy List to State
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 Kansas Lottery

©2013 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