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Delay in paying KPERS liability would cost state extra $3.7 billion

Kansas Legislature Delays KPERS Bond Plan September 25, 2003 (PLANSPONSOR.com) – A joint Kansas House and Senate committee has tabled a vote on a proposed $500-million kansas public employees retirement System (KPERS) bond issue.

KPERS Trust Fund of up to $56.0 million in the State General Fund. Fund ending balance to the Budget Stabilization Fund in FY 2021 and delays currently allowed.. State Employee Pay – Delete $63.5 million, including $22.3 million.. FY 2019 to share expenses for the Kansas Prescription Monitoring.

To the extent any of these developments results in the adoption of new laws or regulations, it could increase the Company’s compliance costs. Several state legislatures have also adopted legislation that regulates how businesses operate online, including measures relating to privacy, data security and data breaches.

The Legislature approves net $1 billion in bonds to reduce the unfunded actuarial liability. In August. 2015. Actuary estimates how much benefits will cost. employers. kpers state/school employer contribution Rates. 14. The.. Payment. FY 2019 Delayed. Contribution Payment. FY 2017 Delayed.

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No Indicate by check mark if the registrant is not required to file.

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(Foreign Language) Our cost of goods sold was $14.9 million during the first quarter. compared with GAAP net income of $3.7 million or $0.07 earnings per fully diluted share in the same quarter of.

The governor is sticking by an earlier proposal to cover the extra costs, setting total school aid at $3.7 billion under the current budget, then drop it to $3.6 billion for the next fiscal year.

In addition to increasing cost over time, a lingering unfunded actuarial liability and lower funded ratio means KPERS will be more vulnerable to adverse market conditions for more than a decade. Paying Off KPERS’ Legacy Unfunded Actuarial Liability Reamortizing with a proposed new 30-year plan: Costs an additional $7.4 billion.

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Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ¨ No x Indicate by check mark if the registrant is not required to file.

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ¨ No x Indicate by check mark if the registrant is not required to file.

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