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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