TOPEKA, Kan. (AP) — A bill attacking the long-term funding problems of Kansas' public pension system is close to clearing the Legislature, though some Republicans are disappointed it won't start a 401(k)-style retirement plan for new teachers and government workers.
The House was expected to vote Tuesday on the measure. The GOP-controlled Senate passed the bill Monday on a 31-7 vote, so House approval would send it to Gov. Sam Brownback, who's all but certain to sign it.
But legislative leaders weren't sure the House would approve the proposal, because most members of its Republican majority favor moving the state toward a 401(k)-style plan for public employees.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
