KPERS requests continued funding for $75 million modernization as funded ratio stabilizes near 75% KPERS staff told the Committee on General Government Budget the pension system’s operations budget for FY2026–27 holds largely steady while a five-year, roughly $75 million pension administration modernization project increases near-term operating costs; the system’s funded ratio is about 75% and trustees set employer contribution rates based on annual actuarial valuations.

KPERS is on the verge of a $75 million modernization while its funded ratio reaches a promising 75%—what does this mean for Kansas's future?

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