Severe weather is possible across Kansas Wednesday. A Tornado Watch is in effect for numerous counties in the eastern part of the state.
Keep it with the KAKE First Alert Forecasters for the latest weather information.
May 3, 2012
The Kansas Senate has rejected a proposal for a 401(k)-style retirement plan for some public employees but approved other changes for the state pension system.
An amendment creating a 401(k)-type plan for teachers and
government workers hired after 2013 failed Thursday on a 20-20
But a larger bill meant to bolster the state pension system's
long-term health passed on a vote of 32-8 and now goes to the
House. The measure is not a 401(k)-type system, but it does require
new hires to join a plan that departs from the traditional
guarantee of benefits based on salaries and years of service.
Officials of the pension system expect an $8.3 billion gap
between anticipated revenues and benefits through 2033.