Colby, KS

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KS House Committee Mulls KPERS Fix

andy lambertFebruary 9, 2015

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A state House committee is looking over the governor’s proposal to issue $1.5 billion in bonds in a bid to lower the cost of funding the state’s pension system. The bill would authorize those bonds if the state could pay less than 5 percent interest. Right now the retirement system has a projected funding gap of $9.8 billion, and the state is on track to close that deficit by 2033.

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