The Kansas Public Employees Retirement System saw its investment portfolio turn in one of the strongest years ever in the 2021 fiscal year — although lawmakers are still parsing out how to handle a significant unfunded liability going forward. Pension funds nationally have announced sky-high investment returns, powered by a stock market that has rebounded from the COVID-19 pandemic, helping states beat out their expected gains several times over. Kansas was no exception, KPERS Spokesperson Kristen Basso said in an email, reporting a 26.3% rate of return for the 2021 fiscal year, which ended in June. For context, that is the third highest return in the past 45 years and well above the state’s assumed rate of return of 7.75%.
Source: CJonline
