Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
House advances modest CAPERS 3 change to increase employee share of investment gains
Summary
Lawmakers reported HB 2086 favorably, a proposal to alter distribution of CAPERS 3 investment gains to increase the employee share of returns above a threshold from 75% to 80% and lower the threshold. Sponsors said the change boosts recruitment and benefits; critics warned of future employer costs and budget impacts.
The Kansas House on Feb. 19 reported House Bill 20 86 favorably after a floor discussion that outlined a targeted change to the state’s CAPERS 3 retirement plan.
Representative Poeheisel, carrying the measure, described HB 2086 as a “modest but affordable enhancement” to benefits for CAPERS 3 members. Under the bill’s provisions as described on the floor, the distribution formula for investment returns would be adjusted: employees in CAPERS 3 would receive a larger share of investment returns above a…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
