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

Get Adobe Flash player

Tuesday, 21 October 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
Lawmakers To Reopen Debate On Public Pension Fund
12/26/2013

Moves to close the Kansas public retirement system's long-term funding gap haven't eliminated interest among legislators in creating a 401(k)-style plan for new teachers and government employees.

The Legislature also can't avoid discussing public pensions during the 2014 session because the state's contributions to teachers' retirement benefits have ballooned. The increases are coloring a debate over education funding.

The effects of the Great Recession continue to hamper the Kansas Public Employees Retirement System. Even with major pension system changes in in 2011 and 2012, the gap between anticipated revenues and commitments to employees through 2033 approaches $10.3 billion.

Republican Rep. John Rubin of Shawnee says he'll propose creating a 401(k)-style plan for public employees hired after June 2015.

The 2014 session begins Jan. 13.

© 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
Arrest Made In Death After Altercation At National Beef
Huge Demethanizer Transport Making It's Way Through Liberal
U.S. Energy Secretary Lauds Abengoa in Hugoton
Liberal City Commission Meets, Says Goodbye To Retiring Firefighter
Four LHS Girls Qualify for State Golf
Correction:Brownback To Make A Stop In Liberal
Hugoton One of Three Innovative School Districts in Kansas
Friday's Scores
Folk Concert Coming To SCCC/ATS
Fearless Four Overcomes Elements to Make State  
Click Here For All Stories

LATEST STORIES
Saints Squeeze Past Dodge
Advance Voting Begins in Seward County
Aggies Grind Out Fifth Victory
Redskins Win North Cup
Huge Demethanizer Transport Making It's Way Through Liberal
Eat at Spencer Browne's Coffee Shop on Oct. 20 for United Way
Skins Tame Lions in District Opener
Friday's Scores
Offense on Fire for Seward
Friday's Games
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

©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