A study commission continues to study whether to recommend that Kansas legislators create a new 401(k)-style plan for new teachers and government workers.

The commission is expected to have a set of proposals after a two-day meeting that begins Wednesday, though members reserved one more day to review the details before submitting recommendations to legislators.

The Kansas Public Employees Retirement System projects an $8.3 billion gap between anticipated revenues and benefits promised to public employees and retirees through 2033.

In creating the study commission, legislators also committed the state to increasing its annual contribution to KPERS and requiring concessions from workers, but those changes aren’t expected to entirely close the gap.

The pension plans now guarantee benefits up front, based on an employee’s salary and years of service.