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KPERS requests continued funding for $75 million modernization as funded ratio stabilizes near 75%
Summary
KPERS staff told the Committee on General Government Budget the pension system’s operations budget for FY2026–27 holds largely steady while a five-year, roughly $75 million pension administration modernization project increases near-term operating costs; the system’s funded ratio is about 75% and trustees set employer contribution rates based on annual actuarial valuations.
Stephen Wu, a fiscal analyst with the Kansas Legislative Research Department, presented the Kansas Public Employees Retirement System budget and said the agency’s operating request for FY2026 is roughly in line with the legislature’s prior approval while the pension administration modernization project drives a modest increase in FY2027. "The budget before you represents the cost of operating and administering the KPERS system," Wu said, and he noted that employer contributions and benefit payments are recorded in other appropriations rather than the agency’s operating totals.
KPERS executive director Alan Conroy told the committee the system’s…
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