Kansas Closer To Using Casinos To Support Pensions

By: AP (Posted by Melissa Brunner)
By: AP (Posted by Melissa Brunner)

TOPEKA, Kan. (AP) _ Negotiators from the Kansas House and Senate are close to a deal on using revenues generated by state-owned casinos to support pensions for teachers and government workers.

Senators agreed during talks Monday to include a proposal in legislation overhauling the Kansas Public Employees Retirement System. They're negotiating with House members over how much revenue should be set aside.

KPERS projects an $8.3 billion shortfall between anticipated revenues and benefits promised public employees through 2033.

The state has committed $10.5 million a year in casino revenues to state universities' engineering programs. The House version of the pensions legislation says after that, 75 percent would go to KPERS.

Senators didn't consider the idea previously, but their negotiators are now proposing to set aside 50 percent of the remaining casino revenues.

631 SW Commerce Pl. Topeka, Kansas 66615 phone: 785-272-6397 fax: 785-272-1363 email: feedback@wibw.com
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 151456915 - wibw.com/a?a=151456915
Gray Television, Inc.