The Kansas House has given first-round approval to a bill that would overhaul the Kansas Public Employees Retirement System, or KPERS (KAY-pers). The goal is to pay down an $8 billion deficit in KPERS and reduce financial risks to the state. The plan currently offers a traditional pension, with retirement benefits based on salary and years of service. But as KPR’s Stephen Koranda tells us, the bill would mean big changes to KPERS.