LISTEN LIVE KPR - On Air: Listen Live to classical, jazz and NPR news Schedule LATEST
KPR 2 - On Air: Listen live to KPR's all talk-radio service, KPR2 Recordings

Share this page              

Change Moves KPERS Debt to Local KS Governments

KPERS by SK small(Photo by Stephen Koranda)

A state accounting change next year could make it more difficult for local governments and school districts in Kansas to borrow money. The change has to do with how a long-term, unfunded deficit in the state pension plan is calculated. KPR’s Stephen Koranda reports.


The Kansas Public Employees Retirement System, or KPERS, currently faces a $10 billion shortfall in the coming decades. The change means some of that financial liability will be moving from the state’s reports to the balance sheets of some of the cities and counties that employ workers enrolled in KPERS. Senator Jeff Longbine, an Emporia Republican, says the change could hurt the credit ratings of local governments.

“So our balance sheet would actually look better, and the local’s is actually going to look worse by the time we spread that out,” says Longbine.

A debt like the KPERS liability will likely be noted by creditors when local governments are looking to issue new bonds. The change in reporting comes because of a new policy in national accounting standards. The KPERS unfunded liability is forecast to be eliminated by 2033.

Tower Frequencies

91.5 FM KANU Lawrence, Topeka, Kansas City
96.1 FM K241AR Lawrence (KPR2)
89.7 FM KANH Emporia
99.5 FM K258BT Manhattan
97.9 FM K250AY Manhattan (KPR2)
91.3 FM  KANV Junction City, Olsburg
89.9 FM K210CR Atchison
90.3 FM KANQ Chanute

See the Coverage Map for more details

Contact Us

Kansas Public Radio
1120 West 11th Street
Lawrence, KS 66044
Download Map
785-864-4530 (Main Line)
888-577-5268 (Toll Free)