Bill
HB 2298
Transferring $1,000,000,000 from the budget stabilization fund to the liability reduction fund of KPERS, using a portion of the interest earnings of the liability reduction fund to provide a 2% COLA for retirants who have been retired for more than 5 years, transferring annually certain amounts from the state general fund to the budget stabilization fund and establishing requirements for the expenditure or transfer of moneys from the budget stabilization fund.
2025-2026 Regular Session
Introduced by Henry Helgerson and 1 co-sponsor
Creates the KPERS Liability Reduction Fund with a $1B transfer from the BSF to fund a one-time 2% COLA for eligible retirees, financed by the fund's earnings.
Died in Committee