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KansDem Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-10-11 12:29 PM
Original message
Kansas House panel endorses cut in public pensions
Edited on Thu Mar-10-11 12:33 PM by KansDem
They're coming after Kansas now:

TOPEKA, Kan. - A Kansas House committee endorsed a bill Wednesday that would cut future retirement 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 also would increase the state's annual contributions to the Kansas Public Employees Retirement System and increase the age at which many teachers and government workers could start drawing full retirement benefits.

The bill goes against a longstanding assumption that's governed past debates over pension legislation, that the state constitution and Kansas law prevent the state from altering its public pension plans by forcing lower benefits on current participants. But committee members said they're compelled to act because of the projected $7.7 billion gap between anticipated KPERS revenues and promised benefits over the next few decades.

"It's not trimming around the edges," Chairman Mitch Holmes, a St. John Republican, said after the committee's meeting. "It goes to the fundamental problem."


--more--
http://www.cnbc.com/id/41991524

Okay, this is the way it works:
Sen. Brownback voted to increase US deficit by trillions
Gov. Brownback wants Kansans to pay for it.

KansDem wants Sen/Gov Brownback to go f*ck himself...
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RKP5637 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-10-11 12:42 PM
Response to Original message
1. +1000 +++ KansDem wants Sen/Gov Brownback to go f*ck himself...
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highplainsdem Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-10-11 12:50 PM
Response to Original message
2. Mitch Holmes is a member of ALEC, the group behind this national legislative blitz.
I just googled this and found his name as one of the ALEC legislators who signed this letter on the ALEC website about Net Neutrality.

http://www.alec.org/am/pdf/telecom/ALECFCCLetter2010.pdf

ALEC is an organization of conservative legislators, thousands of them, who are given model legislation written by the corporate members of ALEC. See my topic about it here:

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x591230
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KansDem Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Mar-10-11 12:58 PM
Response to Reply #2
3. Thanks!
Good information on those who wish to destroy us! :hi:
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