Brownback: New Kansas public-sector workers may have 401(k) retirement plans

Because private-sector firms didn't always fulfill its end of the pension bargain for its workers, the federal government created the Employee Retirement Income Security Act. It's effect was to shift private-sector workers into 401(k) plans. In Kansas, Governor Sam Brownback is predicting that newly-hired government workers and teachers will end up with a similar retirement plan in the Sunflower State.

The same thing will probably happen in other states.

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Marathon Pundit's Kansas Kronikles

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