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The bill will shore up the state's retirement system, requiring all public employees to contribute more toward their retirement and new hires to work longer.

The bulk of the cuts reflect a revised estimate of how much the state must put toward the main pension fund for teachers.

Gamblers at state-owned casinos in Kansas would help prop up the pension system for teachers and government workers with each hand of blackjack and spin of the roulette wheel under a bill approved Tuesday by the state House.

The economic downturn has caused people to ask questions about their jobs and their security. It's also thrown a spotlight onto just who is responsible for retirement planning.

The nation's largest public pension fund lowered its forecast Wednesday for investment returns and asked the state of California, school districts and local governments to increase contributions a move that could siphon more money from basic services.

The budget would have a $120 million state general fund hole if lawmakers don't approve a series of pension changes Jindal wants, and it would grow with the loss of federal matching dollars.

The Massachusetts state legislature passed a bill on Monday that would allow the state treasurer to set up a 401(k) plan for not-for-profit agencies.

South Carolina's House will consider a bill requiring newly hired employees to work an additional two years to collect full retirement benefits, while current employees could still retire after 28 years.