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Kansas House panel ends push for 401(k)-style plan

A proposal for issuing $1.5 billion in bonds to boost the long-term health of Kansas' public pension system advanced Thursday in the state Legislature, but Republican lawmakers who want to put new government employees into a 401(k)-style plan abandoned an effort to pass such a bill this year.

By John Hanna | Updated on March 22, 2013
Kansas state Rep. Steve Johnson, an Assaria Republican and chairman of the House Pensions and Benefits Committee, discusses legislation dealing with the state retirement system, Thursday, March 21, 2013, at the Statehouse, in Topeka, Kan. (AP Photo/John Hanna)

TOPEKA, Kan. (AP) — A proposal for issuing $1.5 billion in bonds to boost the long-term health of Kansas’ public pension system advanced Thursday in the state Legislature, but Republican lawmakers who want to put new government employees into a 401(k)-style plan abandoned an effort to pass such a bill this year.

The GOP-controlled House Pensions and Benefits Committee approved a bill authorizing the bonds on a 7-6 vote, sending it to the entire House for debate. But on a voice vote, it tabled a separate measure to start the 401(k)-style plan for state and local government workers hired after 2014, as well as a separate, non-traditional plan for new teachers.

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