Kansas House panel endorses cut in public pensions

TOPEKA | A Kansas House committee has endorsed a bill that would cut future benefits for current teachers and government workers to help solve the long-term funding woes of their pension system.

The measure that cleared the Pensions and Benefits Committee on a voice vote Wednesday also would increase the state's annual contributions to the pension system. The bill goes next to the House for debate.

Legislators are trying to figure out how to close a projected $7.7 billion gap between anticipated revenues and promised benefits for public employees over the next several decades. Previously, they've mostly discussed increasing the state's contributions to the pension system over time.

But the bill endorsed by the House committee also will change how pensions are calculated after July 1, 2013.