2015 KPERS report includes 213 new pension ‘millionaires’

Patrick ParkesTax & Spending

Pension payment data collected from the Kansas Public Employee Retirement System (KPERS) in an Open Records request includes 1,690 state and local government retirees who will collect more than $1 million in taxpayer-funded pension payments over their first 20 years of retirement. The number of taxpayer-funded pension ‘millionaires’ is up by 213 from last year’s total of 1,477 ‘millionaires.’ Local government (schools, cities, … Read More

KPERS payouts for 2014 include 248 new pension ‘millionaires’

Dave TrabertTax & Spending

Payout data obtained from the Kansas Public Employees Retirement System for 2014 shows there at least 1,477 state and local government retirees who will collect more than $1 million in taxpayer-funded pension benefits in their first twenty years of retirement.  This same analysis last year found 1,229 pension ‘millionaires.’ Kansas Policy Institute collects the data annually and makes it available … Read More

If fairness is really the issue, tax government pensions

Dave TrabertTax & Spending

Some of the push to raise tax revenue in Kansas is being couched in terms of fairness, as in, ‘why should one group be exempt from income tax but others must pay tax.’ The focus of those discussions are the businesses organized as Limited Liability Corporations (LLCs), partnerships and other business entities that are taxed as Individuals instead of Corporations. … Read More