Kansas may not issue $1 billion in pension bonds, despite legal authority

2015-07-06T20:50:19-07:00July 6th, 2015|Categories: Defined Benefit Plans|Tags: , , |

Market conditions could delay or prevent Kansas from issuing $1 billion in bonds as part of an effort to boost the financial health of its pension system for teachers and government workers, even though top state officials gave the go-ahead Thursday. Republican Gov. Sam Brownback and five GOP legislative leaders signed off during a Statehouse meeting, a formal step required to authorize the new debt. The two Democratic legislative leaders present voted against the move. […]