The Kansas Public Employees Retirement System faced an unfunded liability of $9.8 billion at the beginning of 2014. The state was on pace to pay it down to zero by 2033 because of reforms enacted during Gov. Sam Brownback’s first term. Instead, Brownback proposed to pay down the unfunded liability more slowly, by 2043, to save money during the budget crisis.
The Kansas Public Employees Retirement System faced an unfunded liability of $9.8 billion at the beginning of 2014. The state was on pace to pay it down to zero by 2033 because of reforms enacted during Gov. Sam Brownback’s first term. Instead, Brownback proposed to pay down the unfunded liability more slowly, by 2043, to save money during the budget crisis. File photo by John Sleezer The Kansas City Star
The Kansas Public Employees Retirement System faced an unfunded liability of $9.8 billion at the beginning of 2014. The state was on pace to pay it down to zero by 2033 because of reforms enacted during Gov. Sam Brownback’s first term. Instead, Brownback proposed to pay down the unfunded liability more slowly, by 2043, to save money during the budget crisis. File photo by John Sleezer The Kansas City Star

Delay in paying Kansas public pension liability would cost state an extra $3.7 billion, director says

January 20, 2015 3:34 PM