Gov. Laura Kelly signed Thursday legislation transferring more than $1 billion from state coffers to cover historical underfunding of the Kansas Public Employees Retirement System. These transfers will take place over two installments, totaling $853.9 million in 2022 and two additional payments subject to State Finance Council approval in 2023 of remaining funds. Kelly said the payments would provide immediate and long-term value by reducing debt owed and improving upon historically strong financial footing in the state.
Source: Kansas Reflector
