TOPEKA, Kan. (AP) — Kansas legislators won't approve a bill this year addressing the state pension system's long-term funding problems until the House and Senate agree on whether the state should commit now to starting a 401(k)-style retirement plan for teachers and government workers.
Leaders of the House's Republican majority want to create a 401(k)-style plan for public employees hired after June 2013. Leaders of the Senate's GOP majority are wary and want to establish a commission to study the proposal.
Democrats and public employee groups loathe the idea, fearing it will lead to less secure benefits.
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