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Minutes for SB421 - Committee on Insurance and Pensions
Short Title
Transferring $253,866,022 from the state general fund to the Kansas public employees retirement fund during fiscal year 2022 and eliminating certain level-dollar KPERS employer contribution payments.
Minutes Content for Mon, Mar 7, 2022
Representative Neighbor asked for a motion to suspend the rules and take action on SB421. Representative Bergquist seconded. Motion passed.
Representative Croft moved to recommend SB421 favorably for passage. Representative Neighbor seconded. Motion passed.
Chairperson Johnson referred to an amendment increasing transfer to $1 billion and directing first $253.9 million before for payoff of layering payments. (Attachment9)
Representative Croft moved to favorably pass the amendment on SB421. Representative Neighbor seconded. Motion passed.
Representative Neighbor moved to amend SB421 to send the 253.9 million through the State Department of Education. Representative Rhiley seconded. Motion passed.
Representative Croft moved to favorably pass SB421 as amended. Representative Proctor seconded. Motion passed.
