The debate over school funding in Kansas may be shifting to focus more on employee pension costs.
Though the Kansas Public Employees Retirement System reported a 14.5 percent net return on investment last year, the fund's gap between assets and liabilities rose by $1 billion last year.
KPERS executive director Alan Conroy told state lawmakers Wednesday that deferred losses from the market collapse in 2008 are mostly to blame for the system's unfunded liability increase to $10.2 billion.
Kansas House members have given first-round approval to a bill authorizing $1.5 billion in bonds to boost the financial health of the state pension system for teachers and government workers.
A state House committee has voted to authorize $1.5 billion dollars in bonds to bolster the state pension system for teachers and state government workers.
The Pensions and Benefits Committee vote was close- 7-6, and reflected a split of opinions over whether the legislation did enough to address a long-term funding gap facing the pension system.