TOPEKA - Looks strange, but true.
It has been announced by the Kansas legislators that the revenue earned from the state-owned casinos would now be utilized for state’s retirement system. It would be a matter of great relief for the Government employees and teachers who come under the Kansas Public Employees Retirement System. A team, comprising of three senators and three House would decide the quantum of casinos’ revenue for the noble cause.
During the Monday negotiations, it was proposed that 50% of the casino revenues may be set aside, remaining after engineering programs receive their dollars. It is expected that the revenue figures of the casinos would go higher in the near future, with a great improvement in the financial position.
Sen. Jeff King appreciated the move and emphasized the need for more money for the pension system. In fact, last year it was suggested that the employees either contribute more or be content with less liberal benefits. Many members opposed such a move and public employees were unhappy with the same, as it would prove less beneficial to them. Hence, they wanted the last years’ reforms to be stopped.
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