Kan. gov. not jumping into talk on pension bonds


TOPEKA, Kan. (AP) Kansas Gov. Sam Brownback and officials of the state’s public pension system aren’t saying publicly whether they favor issuing bonds to help close a close a long-term funding gap.

A study commission is considering whether the state should issue up to $5 billion in bonds. The panel expects to make a recommendation by the end of the year.

The Kansas Public Employees Retirement System projects an $8.3 billion gap between anticipated revenues and benefits promised to retirees, teachers and government employees through 2033.

Brownback hasn’t been shy about pushing to move toward a 401(k)-style plan for new workers. But spokeswoman Sherriene Jones-Sontag says Brownback will wait to see what the commission decides on bonds.

KPERS spokeswoman Kristen Basso says the pension system sees it as an issue for legislators to settle.


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