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Kansas Retirees Rally at Capitol Against Gov.’s Plan to Cut State Pension Contributions

Members of the Kansas Public Employee’s Retirement System (KPERS) gathered at the state capitol on Wednesday to rally against Gov. Sam Brownback’s plan to cut state contributions to the pension system. Kansas is facing a $340 million budget shortfall in fiscal year 2014-15. To address the shortfall, Brownback plans to slash state pension contributions ...
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Video: Kansas Treasurer Talks PERS Funding, Reforms

Here’s Kansas Treasurer Ron Estes talking about the condition of the state’s Public Employees Retirement System, the state’s 2012 reform law and his support for Gov. Brownback’s new proposal to issue $1.5 billion in bonds to go toward pension funding.   Photo credit: “Seal of Kansas” by [[User:Sagredo|<b><font ...
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Kansas Treasurer Voices Support For Governor’s Pension Bond Plan

Kansas Treasurer Ron Estes is backing Gov. Sam Brownback’s plan to issue $1.5 billion in bonds to go towards funding the state’s Public Employees Retirement System. Pension officials told Kansas lawmakers last week that such a decision, coupled with Brownback’s plan to delay pension payments, could end up costing the state almost $4 billion. From ...
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Kansas Pension Officials: State’s Plan to Delay Pension Payments Could Cost Billions in Long-Run

Kansas Gov. Sam Brownback in December diverted a $58 million payment from the pension system and used the money to plug holes in the state’s general budget. The governor is seeking to delay more state payments to the pension fund, and is also looking to offset some of the costs by issuing pension obligation bonds. But pension officials told lawmakers ...
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Kansas Gov. Proposes Issuing $1.5 Billion in Bonds for Pension Funding

Kansas Gov. Sam Brownback, looking for ways to improve state pension funding after he cut $60 million from Kansas’ annual contribution, is now proposing issuing $1.5 billion of bonds to help cover the pension shortfall. From Chron.com: Gov. Sam Brownback is proposing that Kansas issue $1.5 billion in bonds and lengthen its schedule for closing a ...
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Kansas Lawmakers React to Governor’s Plan to Cut State Pension Contribution

Earlier this month, Kansas Gov. Sam Brownback announced his plan to cut the state’s annual pension payment by around $60 million and use the money to plug budget shortfalls elsewhere. Several prominent lawmakers have now given their reactions to the proposal. From Salina.com: [Steven] Johnson, R-Assaria, who is chairman of the House Pensions and ...
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Kansas Governor Proposes $40 Million Cut In State Contribution To Pension System

Kansas Gov. Sam Brownback has proposed a plan that would cut the state’s annual contribution to the Kansas Public Employees Retirement System by $40 million this fiscal year. The money would be used to plug budget shortfalls elsewhere. From the Topeka Capital-Journal: Gov. Sam Brownback defended cutting contributions to state worker retirement plans ...
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Kansas Pension Plans To Commit $350 Million To At Least Six Real Estate Funds

The Kansas Public Employees Retirement System (PERS) is planning to ramp up its real estate commitments in 2015. The fund will invest up to $350 million in at least a half-dozen real estate funds. More from IPE Real Estate: The pension fund will split the capital, with $200m for core strategies and as much as $150m for non-core investments. An increased ...
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In Kansas, Pension System Prepares To Be Target of Spending Cuts

Kansas lawmakers will need to cut almost $300 million in spending to balance the 2014 budget, and even steeper cuts are being predicted for 2015. History shows that states consistently look to one place for “easy” cuts: annual payments to pension systems. Kansas pension officials are now being asked by lawmakers how decreased state payments would ...
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