KPERS could cost more in long term, director says

Alan Conroy, executive director of the Kansas Public Employees Retirement System, said Thursday that under Gov. Sam Brownback’s pension proposals, the state would take longer to close a long-term gap in its funding for retirement benefits and spend more annually in future years to do it.

The 2012 law moved the state toward closing its long-term funding gap — now $8.5 billion — in 2033. Brownback’s plan is to extend the payoff for another 10 years.

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