TOPEKA, Kan. — 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 (http://bit.ly/2cCVeIt ) reports 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.
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.
But Gov. Sam Brownback noted Tuesday that the pension system’s finances have improved significantly since he took office in 2011, partly because the state boosted its contributions.
Information from: The Topeka (Kan.) Capital-Journal, http://www.cjonline.com