Volatility in the stock market will push annual return on investment to the Kansas Public Employees Retirement System into negative territory at close of the year, the pension system’s executive director said Tuesday. The assumed investment return for KPERS was adjusted downward in May from 7.75% to 7%. To strengthen the bottom line, the Kansas Legislature agreed to pump an extra $1.1 billion into the system. The snapshot on investment return will be calculated based on financial position of the portfolio Dec. 31, said Alan Conroy, executive director of KPERS.
Source: The Iola Register
