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Lawmakers Split Over KPERS Bills

Lawmakers are considering two very different proposals to tackle a funding problem in the Kansas Public Employees Retirement System, or KPERS (kay-pers). The system faces a projected 7.7 billion dollar deficit over the coming 30 years. The House bill would shift new workers to a 401(k)-style investment plan. The Senate version would keep employees in a traditional pension, but study if a 401(k) plan is a good idea. Governor Sam Brownback charged the Senate with looking into the issue, but he hasn’t said which proposal he favors.

Both versions would have the state and employees putting more money into KPERS. For more on the two proposals, tune in later this hour.

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