It has been an eventful year for pensions in Kansas. Usually a topic that will send all but the hardiest actuary to sleep, officials pursued a number of policy items in 2022 that will have a major impact on the Kansas Public Employees Retirement System and its more than 300,000 total members. But if it been a roller coaster for KPERS lately, the stock market was even more volatile. Indeed, the oldest retiree on record to receive a KPERS check was 111 years old and the state’s actuaries might feel they have similarly aged over the last year. A year after posting one of its strongest investment returns in recent history, the 2022 fiscal year brought a negative return for the KPERS investments, one of only a small number of times that has been happened in the past quarter century.
Source: CJonline
