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HB 2298

Kansas - Session 2025-2026

House in_committee 2025-02-06
Bill Details

Title: HB2298 - 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.

Summary

AN ACT concerning state moneys; creating the liability reduction fund of the Kansas public employees retirement system and transferring $1,000,000,000 from the budget stabilization fund to such fund; using a portion of the interest earnings of the liability reduction fund to provide a cost-of-living adjustment to certain retirants of Kansas public employees retirement system and systems thereunder; authorizing certain transfers of such employer contribution savings from the state general fund to the budget stabilization fund; establishing requirements for the expenditure or transfer of moneys from the budget stabilization fund; amending K.S.A. 2024 Supp. 75-6706 and repealing the existing section.

Sponsor
Weigel
Official Source Back to Bills
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Actions Timeline
Date Event Detail
2025-02-05 Introduced Bill introduced
2025-02-06 Status in_committee
2025-02-06 Latest Action Referred to Committee on Financial Institutions and Pensions
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