TOPEKA, Kan. (AP) Democratic Gov. Laura Kelly proposed Monday that Kansas give itself more breathing room in its budget by slashing annual payments to its pension system for teachers and government workers, offering a new version of a plan that the Republican-controlled Legislature spiked last year.
Kellys proposal would give the state an extra 10 years to close a long-term gap in funding for the state pension system. The move would free up tens of millions of dollars each year for more than a decade, money that could be used for schools and social services.
But its not clear if her new plan will fare any better than last years proposal which was dead from almost the moment she presented it to lawmakers. The Kansas Public Employee Retirement System projects Kellys proposal would increase the cost of closing the gap by a total of $4.4 billion comparing it to extending the length of a home mortgage.