Are KPERS Retirement Accounts At Risk?

Controversy over the state of Kansas’ KPERS retirement system seems to be a perennial part of the legislative process. Each year seems to bring new legislative proposals which cause anxiety among KPERS participants… both current employees who are paying into the system and retirees who are now receiving benefits. The problem started years ago when the Kansas legislature began to shirk its statutory responsibility for funding KPERS.

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The Budget Dilemma

Kansas faces a very serious budget deficit, not only for the present fiscal year but also for the next two years. Governor Brownback has proposed a solution which would address the immediate problem for this fiscal year. The final details of that plan are still not completely understood but one thing is certain: nearly everyone hates what is now known about the plan. But it seems no one has a better solution. Now the state is rapidly approaching a serious cash flow crunch and decision time is nearly upon us.

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