The difference between the assets of the Kansas Public Employee Retirement System and its obligations to retired state employees is down to $7.6 billion after peaking at $8.2 billion at the end of 2008.

Last week’s report by the retirement system to a joint legislative committee said KPERS experienced $2.7 billion of market losses in 2008. Losses in 2009 declined to $602 million, and performance so far in 2010 is stable.

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