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Interim report urges $1 billion state payment to KPERS, further study of retirement issues
Summary
A joint interim report recommended the House Appropriations and Senate Ways and Means consider a $1 billion transfer to the Kansas Public Employees Retirement System (KPERS) and asked the financial institutions committee to continue studying retirement program design, COLAs and DROP options.
Mike Ditch of the Legislative Research Department briefed the committee on the Joint Committee on Pensions, Investments and Benefits interim report, which reviewed KPERS investment policies, HB 2711 implementation and other pension‑related topics.
The report recommended that the House Committee on Appropriations and the Senate Committee on Ways and Means consider transferring…
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