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March 18, 2013

Ex-US senator, Nobel winner talk pensions in Kansas

TOPEKA, Kan. (AP) – Republican legislators and GOP Gov. Sam Brownback's administration on Monday launched a campaign to create a 401(k)-style pension plan for new Kansas teachers and government workers with a pitch from former presidential candidate Bill Bradley and a Nobel laureate. Bradley, a retired U.S. senator from New Jersey and former New York Knicks standout, and Robert Merton, a professor of finance at the Massachusetts Institute of Technology, were star witnesses for a Kansas House Pensions and Benefits Committee hearing.

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