Trustees of the Kansas Public Employee Retirement System deferred Friday until at least next month a decision about lowering the assumed rate of return on pension investments below the current 7.75% target and dramatically inflating the system’s unfunded liability. Action by the KPERS board in response to soured market conditions would have practical implications in terms of dealing with the system’s long-term liability as well as political ramifications from state legislators opposed to the adjustment. Kansas Senate President Ty Masterson and Senate budget chairman Rick Billinger, both Republicans, advised trustees they weren’t “convinced about the wisdom” of plans to trim the baseline investment assumption. They argued a reduction of 0.25% would deepen the system’s unfunded liability by $600 million.
Source: The Lawrence Times

People in Douglas County now have the ability to text 911 in situations where they are unable to safely call, the sheriff’s office announced Friday. The Kansas 911 Coordinating Council began rolling out a Text-to-911 service in recent years. Tony Foster, director of the Douglas County Emergency Communications Center, said in a news release that because the county has a large college student population, it might have a higher utilization of the service. “The Douglas County Emergency Communications Center recognizes this is an important service to offer in our community for those in need of help, but we also want to emphasize calling 911 should be the first resort,” Foster said. “If someone can’t safely call 911 in an emergency, they do have the ability to text us, and we hope this can help more people experiencing dangerous circumstances.”
Source: The Lawrence Times