The year is 1998. Bill Clinton is headed toward impeachment for the most infamous affair in U.S. political history. Shania Twain and Next dominate the Billboard charts. And John Elway leads the Denver Broncos to their first Super Bowl in franchise history. It is also the last time Kansas retirees saw their pension benefit checks adjusted for inflation, a move called a cost-of-living adjustment. The 24-year wait is among the longest of any state in the country. After years of work from legislators to stabilize the Kansas Public Employee Retirement System, there is optimism that the situation is finally improving after a quarter-century gap in which the state didn’t meet its obligation to pay its share.
Source: CJonline
