Kansas legislative panel to meet for review of pension system’s long-term funding woes
By APThursday, November 12, 2009
Kan. lawmakers to resume review of pension woes
TOPEKA, Kan. — A panel of Kansas legislators meets next week to address the state pension system’s long-term funding problems.
The Joint Committee on Pensions, Investments and Benefits is scheduled to meet Tuesday to discuss the Kansas Public Employees Retirement System.
A recent report by University of Kansas economists describes the pension system as “bankrupt.”
KPERS officials, Gov. Mark Parkinson and some legislators say the description is inaccurate because retirees’ current benefits aren’t in danger.
But they acknowledge there’s a big gap between the system’s projected income and expenses over the next 25 years. At the end of last year, KPERS said the shortfall was $8.3 billion.
Filed under: Business, Finance, Government, Politics
Tags: Government Pensions And Social Security, Kansas, North America, Topeka, United States
Tags: Government Pensions And Social Security, Kansas, North America, Topeka, United States
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