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House Negotiator Still Believes 401(k) Plan Will Happen

Kansas lawmakers have agreed on a compromise to help fix KPERS, the state pension program. The agreement does not include a much-discussed provision to turn the system into a 401(k), or -- defined contribution -- plan. Instead, the measure requires the state, and local governments, to put more money into the system. It also calls for a commission to study the issue and make recommendations to lawmakers next year. Representative Mitch Holmes, a St. John Republican, is the lead House negotiator... and supports moving to a defined contribution plan.

The compromise must now be approved by the full House and Senate.

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