"The Kansas Public Employees Retirement System is not bankrupt. Currently there is over $11 billion in assets being held by KPERS. However, it is clear to see that a problem lies ahead in the extended future. This situation exists primarily because the state has not contributed at actuarially required levels for the past 15 years. The sooner that we act on this problem the easier it will be to navigate a solution."

"Retirees and those close to retiring are the safest in the system as it stands right now. But as I discuss the issue with current employees it is clear to me that workers are willing to do their part to make the system work better for everyone. However, the first burden is on the state to meet its obligations."

"Using the term bankrupt to describe KPERS is reckless and needlessly scares our teachers, corrections officers, and other state employees that have dedicated their lives to helping other Kansans. These people work hard each day and do not deserve to live in fear of not having the ability to retire. This problem is manageable. Now is the time to get our heads together to come up with solutions. The sooner that we act the easier it is going to be to get us on the right track."