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Kansas House committee backs away from 401(k) plan for new hires
A Kansas House pensions panel signaled opposition to a 401(k)-style retirement plan for new teachers and government workers. Rep. Mitch Holmes and Rep. John Grange proposed alternatives that would reduce reliance on guaranteed benefits while directing contributions to a future balance, with a goal to grow the fund at least 5 percent annually.
MENTIONED IN THIS ARTICLE
Kansas
Topeka
House
Pensions and Benefits Committee
Mitch Holmes
St. John
John Grange
el Dorado
KPERS
Louis Ruiz
Kansas City
Holmes
Grange
Nebraska
Roth
Salina
Senate
Study Commission
Geraldine Flaharty
Statehouse