Senate Bill 282 (CRISP) draws mixed views at informational hearing — portability, costs and trust‑fund effects debated

The committee held an informational hearing on Senate Bill 282, which would create a Kansas Retirement Investment and Savings Plan (CRISP) — a defined‑contribution (DC) retirement plan that staff said would be effective July 1, 2027 for most new hires who do not opt out and available by election to some current KPERS members.

What SB 282 would do (staff summary): David (KPERS staff) and Executive Director Alan Conroy summarized the bill, saying it would establish a separate DC fund administered by KPERS, permit rollovers, and require a separate defined‑contribution fund in the state treasury. Key design points in the draft language included: a mandatory 6% member contribution to a mandatory account, an initial 1% deferred‑compensation auto‑enrollment that would escalate by 1% annually up to 10% (members may change or stop the deferred‑comp contribution), and a base employer contribution of 4% with an additional 0.5% or 1% employer match if the member participates at certain levels in the deferred‑comp account. Employer contributions would vest after five years. Staff emphasized that the existing unfunded actuarial liability (UAL) for the defined‑benefit plan…