Kansas Public Employees' Retirement System Board of Trustees Minutes
The Board discussed concerns regarding investments in pharmaceutical companies and reviewed legislative priorities for the pension system. The Executive Director provided a report on agency activities, including enrollment, processing of benefits, employer auditing, and updates on the KAPS project and web accessibility compliance. The Investment Committee presented recommendations, which resulted in the adoption of a new policy benchmark and approvals for new capital commitments to infrastructure and real estate investment funds. The Personnel Committee secured the adoption of an executive incentive program and implementation of a new pay plan. Additionally, the Board selected a third-party administrator for disability programs and approved the retention of outside legal counsel for disability appeals. A review of the national actuarial assumed rate of return was conducted, alongside a legislative session recap.