Printer Friendly
Email to a Friend
Accounting Change to Foist KPERS Debt on Locals
(AP) - About $10 billion in projected pension debts will be moving from the state of Kansas to the balance sheets of local governments thanks to a change in national accounting standards.
Alan Conroy, executive director of the Kansas Public Employees Retirement System, told a legislative committee Tuesday about the Governmental Accounting Standards Board's changes, which take place next year.
KPERS serves state employees as well as public workers from about 1,500 cities, counties, school districts and other local government units. The Topeka Capital-Journal reports that starting next year, those entities will need to carry the KPERS debt as an unfunded liability on their own balance sheets, rather than the state carrying it all.
Conroy's office is working on a breakdown for each government entity.
© Associated Press
MOST VIEWED STORIES
Cold case investigation leads to Holton warrant
Horton City Clerk's resignation accepted Monday
Effingham owner regains truck following theft, arrest
Former Kickapoo Tribal chairman arrested
Winchester native named as Amberwell CEO
Holton property search concludes with arrest
Mayetta pair arrested on meth, child endangerment charges
Rural Horton man charged in alleged beating
Juveniles face charges following Atchison break-in
Severe storms move through NE KS
Atchison Co's Oswald named honorary bailiff for KS Court
McLouth man injured in Monday wreck
No injuries in early Sunday morning house fire in Falls City
KS prepares for severe weekend weather
Senator Slama on tax relief efforts
Former AG Schmidt running for KS' 2nd Congressional District
Commission approves agreement for budget help
Pawnee City School Board approves personnel changes
Council hears report from golf course
Richardson County accepted into managed call handling program
LATEST STORIES
Walnut Township recall coming; Friday mtg erupts in arrest
Nemaha NRD honoring Stewardship Week
Richardson County Deputies busy during special enforcement
Peru State faculty member to be honored
Nebraska Primary Election reminders
Severe storms move through NE KS
NVCH receives $415,000 grant for expansion project
KS prepares for severe weekend weather
Hiawatha, Ks 66434