TOPEKA, Kan. (AP) — Negotiators for the Kansas House and Senate agreed Tuesday on legislation creating a new pension plan for future teachers and government workers and diverting revenues from state-owned casinos to retirement benefits for public employees.
Three senators and three House members resolved the last of their chambers' differences onpension issues. The Senate will vote first on the compromise, possibly as early as Wednesday. Approval in the Republican-controlled Legislature would send the measure to GOP Gov. Sam Brownback, who supports it.
The compromise includes a plan to use casino revenues to bolster the long-term financial health of the Kansas Public Employees Retirement System. It projects an $8.3 billion shortfall between its anticipated revenues and the benefits promised to public employees through 2033.
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