UPDATED: House puts $115 million in retirement system; Kelly says it’s not enough to stabilize budget

0
675

(Updated to reflect responses from the speaker and the senate president)

The Kansas House on Friday agreed to put $115 million into the state retirement system, although the governor said that's not enough to cover the cost of future increases into the pension fund.

The House voted unanimously to approve the bill, which already passed unanimously in the Senate earlier this month.

The bill, now headed to the governor, sends the money to the pension fund’s school group, which has a funded ratio of 61 . . .

SSJ

This content is restricted to subscribers. Click here to subscribe. Already a subscriber? Click here to login.