Kansas Lawmakers Fear further Pension Payment Delays
Associated Press - September 13, 2016 10:56 am
Republican Rep. Steven Johnson, of Assaria
Lawmakers are expressing concerns that Kansas won’t be able to quickly catch up with $100 million in delayed contributions to public employee pensions.
The Topeka Capital-Journal that members of the Joint Committee on Pensions and Investments discussed their concerns Monday. The pension payments were delayed this spring to address budget shortfalls. Under the plan, the delayed payments were to be repaid with interest by 2018.
But Republican Rep. Steven Johnson, of Assaria, says he’s “not optimistic” about the prospects of the money being paid back in time. Committee members note that the state faces budget difficulties that lawmakers must confront next year.
Democratic Sen. Laura Kelly, of Topeka, predicted the Legislature will further delay the payment. The delayed amount represents a quarter of the state’s annual pension system payments.