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Kansas House Passes Pension Bill For State Workers

TOPEKA, Kan. (AP) – A bill attacking the long-term funding problems of Kansas’ public pension system has won final approval from the Legislature.

But some Republicans were disappointed Tuesday that it won’t start a 401(k)-style retirement plan for new teachers and government workers.

The House approved the measure, 89-30, after the Senate passed it, 31-7. It goes next to Gov. Sam Brownback, who’s all but certain to sign it.

The bill boosts the state’s annual contributions to the state retirement system and requires public employees to choose between more toward their retirement benefits and having their future benefits cut.

It sets up a commission to study moving toward a 401(k)-style plan. The state pension system projects a gap of $7.7 billion between its anticipated revenues and benefits promised to workers through 2033.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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