Making appropriations for FY 2023 for the state treasurer for the repurchase of certain KPERS pension obligation revenue bonds.
Impact
The impact of HB2102 is primarily financial; by facilitating the repurchase of these revenue bonds, the state aims to address obligations related to public employee retirement funding. The bill underscores the importance of maintaining fiscal health in state pension plans and could relieve some immediate financial pressures on the KPERS by allowing for a more streamlined debt management approach. It represents a proactive measure to stabilize the funding status of the retirement system, which is critical for ensuring benefits for state employees.
Summary
House Bill 2102 is focused on making appropriations for the fiscal year ending June 30, 2023, specifically targeting the repurchase of certain revenue bonds tied to the Kansas public employees retirement system (KPERS). The bill appropriates $250 million from the state general fund, aimed at financing the unfunded actuarial pension liability through the repurchase of revenue bonds that could include various maturities and terms. This action is framed as a strategy to manage the financial obligations associated with KPERS more efficiently.
Contention
While specific contentions from discussions around HB2102 are not documented in the available records, financial appropriations such as these can often raise concerns about budget allocations and the prioritization of state funds. Questions may arise regarding the sufficiency of the appropriated funds to fully address the state's unfunded pension liabilities and whether such measures are sufficient compared to broader fiscal challenges faced by the state. Stakeholders may debate whether the repurchase is a wise investment of state resources in light of potential long-term impacts on state finances.
Making and concerning certain supplemental appropriations for fiscal year 2026 and appropriations for fiscal years 2027, 2028 and 2029 for various state agencies.
Making and concerning certain supplemental appropriations for fiscal year 2026 and appropriations for fiscal years 2027, 2028 and 2029 for various state agencies.
Making and concerning certain supplemental appropriations for fiscal year 2025 and appropriations for fiscal years 2026 and 2027 for various state agencies.
Making and concerning certain supplemental appropriations for fiscal year 2025 and appropriations for fiscal years 2026 and 2027 for various state agencies.
Providing procedures, standards and requirements for the deposit and investment of public moneys, creating the public moneys fee fund and authorizing the state treasurer to assess a fee to operate the public moneys pooled method, making and concerning appropriations for fiscal year 2027 for the office of the state treasurer, authorizing a certain transfer from the state general fund to the public moneys fee fund, modifying investment standards for the board of trustees of the Kansas public employees retirement system of moneys certified by the state treasurer as equivalent to the aggregate net amount received for unclaimed property and authorizing investments in certain foreign governments and the KPERS board of trustees to elect the vice chairperson of the board, requiring newly affiliated KP&F employers to contribute at the actuarial required rate for past and future service and repealing certain working after retirement statutes for state and local elected officials.
Making and concerning supplemental appropriations for fiscal year 2026 and appropriations for fiscal years 2027, 2028, 2029 and 2030 for various state agencies, authorizing certain capital improvement projects and fees, authorizing certain transfers.
Making and concerning supplemental appropriations for fiscal year 2025 and appropriations for fiscal years 2026 and 2027 for various state agencies, authorizing certain capital improvement projects and fees, authorizing certain transfers authorizing the payment of certain claims against the state.