TOPEKA, Kan. (AP) — Kansas House and Senate negotiators are making little progress toward compromise on public pension legislation.
Three senators and three House members met Thursday but concluded the day's talks without agreement.
The key issue is starting a 401(k)-style plan for teachers and government workers. A version passed by the House would create such a plan for public employees hired after June 2013, while the Senate's version would create a commission to study that and other ideas.
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Lead House negotiator Mitch Holmes says he would accept a study commission if lawmakers committed to starting the 401(k)-style plan. Lead Senate negotiator Jeff King said his chamber doesn't want to rush such a decision.
The state pension system projects a $7.7 billion gap between expected revenues and benefits promised to workers and retirees through 2033.
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