Even with major pension system changes in in 2011 and 2012, the gap between anticipated revenues and commitments to employees through 2033 approaches $10.3 billion 11 percent larger than projected a year ago.
Kansas' largest health insurer said Tuesday that it will offer another year of coverage under plans that it had expected to cancel in 2014 because of the federal health care overhaul.
Legislation authorizing $1.5 billion in bonds to bolster the Kansas pension system for teachers and government workers has stalled in the state Senate, and one advocate said Wednesday that the bill is dead in the water.
A proposal for issuing $1.5 billion in bonds to boost the long-term health of Kansas' public pension system advanced Thursday in the state Legislature, but Republican lawmakers who want to put new government employees into a 401(k)-style plan abandoned an effort to pass such a bill this year.
The compromise includes a plan to use casino revenues to bolster the long-term financial health of the Kansas Public Employees Retirement System, which has a projected $8.3 billion shortfall.
Kansas may dedicate revenues from state-owned casinos to pensions for teachers and government workers as part of a broader bill bolstering the long-term financial health of the state's retirement system.
Kansas Gov. Sam Brownback and several top administration officials sought to dispel doubts about his plan to overhaul the state's Medicaid program, declaring Thursday that the planned summertime reorganization of three government departments will improve services for the poor, disabled and elderly.
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.
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.
Public employee groups in Kansas have misgivings about a legislative proposal unveiled Friday for overhauling the state pension system, even though it backs away from starting a 401(k)-style plan for new teachers and government workers.