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- Walking inside the capital produces controversial tweak for the investment cap of kpers
- Investment contract
- Defendage of pornography
- Passenger railway expansion
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Walking inside the capital produces controversial tweak for the investment cap of kpers
Topokeka-Cancas Senate voted to support a 50% increase in lump sum death payments for retired people in the Kansas Public Employees Retirement System and increased the maximum amount of portfolio of the portfolio of the pension system tied up by investment of alternative private equity or infrastructure to 20%.
The members of the Senate disagreed over the financial implications of both changes, but the current $ 4,000 gave 25–14 votes on the Senate Bill 172 to increase death benefits. The adjustment will be paid with the contribution and investment income. Over a period of 20 years, the cost can be $ 108 million.
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“It has not been changed for 30 years,” said Sen Rick Billinger, Chairman of the Goodland Republican and Senate Wes and Means Committee. “I know that people are worried that we will take $ 108 million and add it to unfunded liabilities.”
He asked the senators that KPS had assets of $ 27 billion and 11% on investment last year. The difference between the long -term unfundled actual liability of the kpers, or the trust fund assets and the estimated future benefit payment, was $ 9.6 billion in July 2023.
“In my opinion, increasing unpublished liability is a nonstarter,” Sen Jeff Longbine said, an Emporia Republican who agreed to a competition in the benefit of death was overdue. “We have worked so hard to go backward.
Democratic Sen Patti of Kansas City, Kansas said that the Legislature should authorize the profit adjustment. He said that without an increase decades means increasing the payment to $ 6,000 will still be less than paying the cost of funeral.
Investment contract
Meanwhile, the Senate cast 24–13 votes to pursue the Cansus House content of the Senate Bill 23, which raised a cap on alternative investment by KPR, from 15% to 20% of the total pension system assets.
The basic purpose of the bill was to remove the investment cap and the KPS trustee was to decide how to handle that part of the portfolio, but an agreement had only reached the upper limit to lift the upper limit to 20% of the portfolio.
“Let the buyer be careful,” Sen said that a Reno County Republican, which some in the Senate said with a lack of investment refinement. “I think a lot of lipstick has been applied on alternative investment.
KPERS Executive Director Elon Connaroy said that investment market volatility pushed Kpers’ alternative investment portfolio to 14.1% before settling at 13%. The legislature adopted a cap of 10% in 1992 and increased it by 15% in 1993.
“If the kpers reaches 15% option cap under the current law, new investment in private equity and infrastructure will stop and cannot be resumed until falling under the cap,” he said. “This will restrict the ability of kpers to diversify these investments in economic cycles, losing access to top -level investment managers as a result of rising risk and kpers can reduce the returns potentially.”
Defendage of pornography
Republican Chairman of the Senate Judicial Committee Leewood Sen Kelly Warren assured the companions to unanimously approve a bill, which requires websites displaying pornography to deploy commercial-grade age verification software and blocked people under 18.
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Under the Senate Bill 394, websites will be subject to the need for age-confirmation if more than one-fourth of the material seen in any calendar month can be interpreted as harmful to minors. In Kansas, the Internet Service Provider will not come under the mandate of the bill.
“We have heard a lot about the disadvantage of watching and getting accustomed to pornography,” Warren said.
He was asked by Democratic Senator whether the law would be used by Attorney General Chris Kobach to attack websites dedicated to literature or fine arts and whether the verification system could highlight personal information about hackers about adults.
Sen Tom Holland, D-Baldwin City, asked whether the annual sports Illustrated Swimsuit photography version posted online could be defined as pornography under the proposed website Crackdown.
“Is it basically harmful to minors? Holland said.
Warren referred to the senators to the existing Kansas law, which defines harmful materials for minors, which represents any details, exhibitions, presentations or nudity, sexual conduct, sexual stimulation, or sadomasoctive misuse. He said that the Attorney General would be responsible for investigating public reports of non -non -non -compliance with the law and the courts would determine on the basis of that evidence.
The Attorney General will be allowed to take civil punishment against websites ranging from $ 500 to $ 10,000 for each young trip on an objectionable website. Some websites will be allowed to file a lawsuit to the minor or guardian of a minor who has access to pornography and seek loss of $ 50,000 or more.
“This bill is sewn narrowly, so it is not far from the amendment concerns,” said Warren.
“Are we talking about things like ‘Lady Chatraley’s lover’ or ‘Catcher in Rai’?
Sen Renny Ericson, R-Vichitta said that the law was written to ban the website pornography, which was similar to the ratings adopted for entry into films.
“I was just one kind of questions about this,” he said. “If this is not appropriate, children should not look at it.”
Passenger railway expansion
Sena Caroline McGin, a Republican of the Sedgvik community successfully picked a bill, which would commit to investing $ 50 million in 10 years in 10 years in expansion of passenger rail service through a partnership between the Transport Department and the federal government in the cansus. The Senate gave 34-6 votes and sent the Senate Bill 349 to the House.
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McGin stated that there was a possibility of the Hartland Flyer Corridor closed in 1979 – AMTRARK could be returned to serve and expanded from Fort Worth, Texas to Oklahoma City, Wichita and Newton. Stops will be closed in Oklahoma cities of Edmund, Perry and Ponka City as well as in Arkansas City, Wichita and Newton. This railway will connect passengers to the south -west chief who is currently running from Los Angeles to Chicago.
Last month, the Federal Railroad Association allowed up to $ 500,000 for the development of the Hartland Flyer Plan. This placed the expansion in a cue for a piece of $ 1.8 billion in the US Rail Corridor grant.
He said, “Now is the time for us to start preparing for how we are going to continue this service over time and the federal government has helped us start it,” he said.
This law will be KDOT for the allocation of state funding for the operation of AMTRAK approved by the Federal Railroad Administration or any general railway carrier by the Federal Railroad Administration through 2035. It was expected that the federal grant could be obtained to cover the first five years of passenger in Kansas, providing funds after that period with the state.
The Canasus Reflector is part of the States News Room, a network of the news bureau supported by Grant and 501C (3) is a combination of donors as public donations. Kansas reflective maintains editorial freedom. Contact editor Sharman Smith for questions: [email protected]Follow the Kansas Reflector on Facebook and Twitter,
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