The Kansas public employee pension system could move after the November election to lower the assumed annual return on investment of 8 percent that has served as a fundamental benchmark for decades, officials said Wednesday.
Trimming the rate of return for the Kansas Public Employee Retirement System closer to the national average of 7.5 percent would deepen long-term financial obligations of contributors to the fund in Kansas. The number is pivotal because KPERS’ funding ratios and unfunded liability are calculated on this basic ...