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Employee groups uncertain about Kansas pension plan

Public employee groups in Kansas have misgivings about a legislative proposal unveiled Friday for overhauling the state pension system, even though it backs away from starting a 401(k)-style plan for new teachers and government workers.

By John Hanna | Updated on March 02, 2012

TOPEKA, Kan. (AP) — Public employee groups in Kansas have misgivings about a legislative proposal unveiled Friday for overhauling the state pension system, even though it backs away from starting a 401(k)-style plan for new teachers and government workers.

Details of the proposal were unveiled during a meeting of the House Pensions and Benefits Committee by Chairman Mitch Holmes, a St. John Republican. Its key feature is a new retirement plan for public employees hired starting in 2014, one designed to limit financial risks both for the state and the workers. The committee is expected to debate it next week.

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