UPDATED: KPERS Board balks at supporting Kelly refinancing plan

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(Updated to include comment from House tax committee chairman; comments from a Democratic lawmaker and House speaker)

The state retirement system's Board of Trustees on Friday balked at supporting Gov. Laura Kelly's plan to finance her spending plan by restructuring payments to the state's retirement system.

The board voted to back the system's current plan for covering most of the state's unfunded pension liability by 2033.

Under Kelly's plan, the state would stretch out the state's payments into the pension system so the unfunded liability wouldn't be covered until about 2048.

Kelly . . .

SSJ

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