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Archive for Tuesday, May 15, 2012

State closer to using casinos for KPERS

May 15, 2012

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Kansas legislators moved closer Monday to dedicating revenues from state-owned casinos to pensions for teachers and government workers as part of a broader bill bolstering the long-term financial health of the state’s retirement system.

Senators agreed during talks with House members to include a proposal in legislation overhauling the Kansas Public Employees Retirement System. Three senators and three House members are now negotiating over how much casino revenue should be set aside.

The idea has bipartisan support and the backing of Republican Gov. Sam Brownback. The House added a provision to pensions legislation before approving it in March, but the Senate didn’t debate the idea before passing its version of the retirement system bill earlier this month.

Comments

kansanjayhawk 1 year, 11 months ago

Depending on variable revenues from casinos is not the the smartest idea.

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William Weissbeck 1 year, 11 months ago

The irony here is so large that it should swallow up the universe if it weren't for the even larger hole or vacuum (you pick) that is Brownback and the current state GOP.

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ksgardener 1 year, 11 months ago

Why not gamble on retirement funding. It has always been a crapshoot anyhow.

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