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Kansas Lawmakers To Resume Talks On Pensions

TOPEKA, Kan. (AP) – Kansas lawmakers are preparing to resume negotiations on legislation addressing the long-term funding problems of the state pension system for teachers and government workers.

Three senators and three House members hoped to make progress Tuesday morning toward resolving the differences between their two chambers. Both chambers have passed bills raising the state’s annual contribution to the Kansas Public Employees Retirement System beginning in July 2013.

But the House wants to create a 401(k)-style plan for public employees hired after June 2013. The Senate wants to establish a commission to study that idea and others.

KPERS is projecting a $7.7 billion shortfall between anticipated revenues and the benefits promised to public employees through 2033.

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