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Question
#1 - Would you support
equitable treatment of all public employees of the State?
Facts/Rationale
relating to Question #1:
Of the four
Kansas
Defined Contribution Plans, two are voluntary and
two have mandatory employer (State of
Kansas
) contributions. The State (as employer) has
and is contributing 8.5% to each member of the Regents Retirement
Plan (University faculty and Administrators).
Also the State (as employer) has and is contributing
8% to certain state officials, legislative session employees, and
legislative staff who chose this retirement plan over KPERS.
During the 2011 legislative session the House adopted
HB 2333 which set the States contribution for future teachers,
state employees, fireman, policeman, etc at 3%.
Question
#2 - Would you support
a plan (bond issue) to as quickly as possible replenish funds to
KPERS that were not paid by previous legislatures (1962-2003)?
Facts/Rationale
relating to Question #2:
On January 21, 1998, the Deputy Executive Secretary,
Jack L. Hawn of KPERS sent a letter to the Legislative Research
Dept. setting out the State of Kansas (employer) contribution to
KPERS from 1962 through FY 1997.
Two quotes generate question #2:.
“On only one occasion (FY 1977) have they (State of
Kansas
) paid more than KPERS employees."
"Had the State exactly matched employees' four
percent contribution ... the fund would be $2.89 billion better
off than it actually was at the end of 1977." (The additional
growth that would have accumulated from 1977 to present has not
been calculated, but would have appreciated to much more!)
Question
#3 - Would you support
a hardship adjustment to retirees who have seen their buying power
decrease as much as 40%?
Facts/Rationale
relating to Question #3:
Kansas
retirees have not had a raise for 14 years.
The monthly benefit received today is the same that was received
on July 1, 1997.
Question
#4 – It has been 12 years
since a KPERS COLA was enacted.
Will you offer or support a bill for a KPERS COLA in the
2012 Legislative Session?
Facts/Rationale
relating to Question 4:
As mentioned
Kansas
retirees have not had a raise since July 1, 1997.
If the State of
Kansas
mandates a DC plan for new hires and removes their
contributions to the Trust Fund…
Do
you think there would ever be funds for a positive benefit
adjustment?
Question
#5 - Should the State
support a "safety net retirement plan" (DB) or get out
of the retirement business with a DC plan?
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