Governor wants lawmakers to pay down debt, refinance KPERS

  • Source: Hays Daily News
  • Published: 01/07/2020 09:26 AM

Gov. Laura Kelly recommended Monday the state government pay off nearly $500 million in debt owed the Kansas Public Employees Retirement System and refinance the pension system’s unfunded long-term liability to free up state tax dollars for other purposes. The Democratic governor said she would urge House and Senate members convening next week in Topeka to consider a package that included the debt and refinancing pieces. The GOP-led Legislature adopted a 20-year payment plan for debt repayment and had expressed limited support for reamortizing long-term pension liabilities. Kelly said in a statement the 2020 Legislature ought to promptly resolve a $477 million obligation to KPERS that under current law wouldn’t be eradicated for two decades.



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