Employee groups uncertain about Kansas pension plan
Public employee groups in Kansas have misgivings about a proposal overhauling the state pension system, even though it backs away from starting a 401(k)-style plan for new teachers and government workers.
By John Hanna|March 06, 2012 at 07:32 AM
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TOPEKA, Kan. (AP)—Public employee groups in Kansas have misgivings about a legislative proposal unveiled last week for overhauling the state pension system, even though it backs away from starting a 401(k)-style plan for new teachers and government workers.
Details of the proposal were unveiled during a meeting of the House Pensions and Benefits Committee by Chairman Mitch Holmes, a St. John Republican. Its key feature is a new retirement plan for public employees hired starting in 2014, one designed to limit financial risks both for the state and the workers. The committee is expected to debate it this week.
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