Substitute For Hb 2103 By Committee On Financial Institutions And Pensions - Eliminating The Statutory 15% Alternative Investment Limit For The Kpers Fund And Requiring The Kpers Board To Establish An Alternative Investment Percentage Limit.

The bill aims to remove the current statutory 15% limit on alternative investments for the Kansas Public Employees Retirement System (KPERS) fund and mandates the KPERS board to set a new limit on alternative investments. This change intends to provide more flexibility in managing the fund's investments and potentially improve returns for pension beneficiaries.

• 2023-01-19: House Introduced

• 2023-01-19: House Referred to Committee on Financial Institutions and Pensions

• 2023-02-08: House Hearing: Wednesday, February 8, 2023, 9:00 AM Room 582-N

• 2024-01-22: House Hearing: Monday, January 22, 2024, 9:00 AM Room 582-N

• 2024-01-25: House Committee Report recommending substitute bill be passed by Committee on Financial Institutions and Pensions

• 2024-01-31: House Committee of the Whole - Committee Report be adopted recommending substitute bill be passed

• 2024-01-31: House Committee of the Whole - Substitute bill be passed

• 2024-02-01: House Final Action - Substitute passed; Yea: 113 Nay: 3

• 2024-02-01: Senate Received and Introduced

• 2024-02-02: Senate Referred to Committee on Financial Institutions and Insurance

• 2024-04-30: Senate Died in Senate Committee