Kansas would issue $1.5 billion in bonds to improve the short-term financial health of its pension system for teachers and government workers under a bill receiving first-round approval Tuesday in the state House.
Work on pension legislation in the Kansas Legislature stalled Tuesday when House members pressed for a vote in the Senate on creating a 401(k)-style retirement plan for teachers and government workers instead of studying the idea.
Kansas legislators won't approve a bill addressing the state pension system's funding problems until the House and Senate agree on whether the state should commit to starting a 401(k)-style retirement plan.