Kansas Truth Caucus: It’s Time to Meet Our Obligations to Retirees
The Kansas Truth Caucus, an organization of legislators in both the Kansas House and Senate, today announced its support for SB 9. This legislation would transfer $115.0 million from the State General Fund to the Kansas Public Employees Retirement Fund, thereby restoring a payment the legislature missed in FY 2016.
In a vote of its membership, the Kansas Truth Caucus adopted support for SB 9 as an official position of the organization.
Meeting our KPERS obligation is something we take seriously and it’s important we make our payments on time. When a payment is missed, it is incumbent upon us to restore that payment as soon as possible so it does not increase the debt that would have to be paid by Kansas taxpayers. Kansans across the state pay their bills, and they expect us to pay ours.
SB 9 is scheduled for final action in the Senate today.
Senator Ty Masterson, Chair of the Kansas Truth Caucus, noted that sponsors of SB 9 were made up of legislators who believe in the importance of fiscal responsibility.
“SB 9 is sponsored by a large coalition of legislators who believe that it’s simply good government to meet our obligations whenever possible. This legislation is fiscally responsible and provides certainty to those on KPERS. SB 9 stands in clear contrast to the plan the new governor put forth, which would turn the system on its head for a short-term gain and at a cost of over $7 billion,” said Masterson.