Higher contribution rates from employees and the state as a result of legislation that was passed earlier this year should reduce the unfunded liability of Kansas’ largest pension fund by $3.5 billion through 2033.

Glenn Deck, executive director of the Kansas Public Employees Retirement System, told a study commission last week that the additional flow of money would trim the estimated $8.3 billion gap between promised pension benefits and the system’s long-term projected financial assets.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.