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State retirement system reaches record level; officials credit strong economy
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State retirement system reaches record level; officials credit strong economy
The state's retirement system ended the fiscal year with a record amount in its trust fund of about $29.4 billion, highlighted by a roughly $700 million bump in June. The new preliminary numbers were presented to the investment committee of the Kansas Public Retirement System on Thursday. The trust fund is now about $2.1 billion more than it was at this time in 2024 and $9.2 billion more than at the end of June 2020. "The growth has just been ve…
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