Kansas Short $9B for Public-Sector Pensions
The taxpayers are, of course, on the hook for the shortfall
Kansas' red ink IOUs to future retired teachers and government workers hit a record $9.2 billion last year, pension fund actuaries report.
Money for the IOUs, which represent part of the future pension payments Kansas has promised to teachers and government workers through 2032, will come out of taxpayers' wallets if no other solution is found.