Kansas House Votes to Limit Shorting of Pension Contributions
TOPEKA, Kan. (AP) — Kansas House members have voted to limit the governor's authority to temporarily short the state's contributions to public pensions to cover gaps in the state budget. The House took up a bill Wednesday that would eliminate a projected deficit of nearly $200 million in the state's $16.1 billion budget for the fiscal year that begins July 1. The bill allows the governor to act before July 1 to reduce the state's contributions to the Kansas Public Employees Retirement System to keep the budget balanced without cutting other spending. But the House voted 89-34 to add a requirement that any such reduction be paid back by September 30, with 8 percent interest. Also, the governor could not reduce or delay contributions to KPERS during the next fiscal year.