Kansas must reform KPERS
New research from Kansas Policy Institute reinforces what some have known but many have discounted: The Kansas Public Employee Retirement System is in poor financial shape, and it's going to cost Kansans a lot to fix it. It is urgent that we enact substantive and meaningful reforms now, rather than later. KPI writes the following in introducing its new study Preventing Bankruptcy in the Kansas Public Employees Retirement System. It turns out that the $9.2 billion hole found in Kansas' public pension program will balloon under new accounting standards used by governments across the country. Under the current standards, Kansas'…