All Roll Calls
Yes: 323 • No: 0
KansasSB 4352025–2026 Regular SessionSenateWALLET
Providing procedures, standards and requirements for the deposit and investment of public moneys, creating the public moneys fee fund and authorizing the state treasurer to assess a fee to operate the public moneys pooled method, making and concerning appropriations for fiscal year 2027 for the office of the state treasurer, authorizing a certain transfer from the state general fund to the public moneys fee fund, modifying investment standards for the board of trustees of the Kansas public employees retirement system of moneys certified by the state treasurer as equivalent to the aggregate net amount received for unclaimed property and authorizing investments in certain foreign governments and the KPERS board of trustees to elect the vice chairperson of the board, requiring newly affiliated KP&F employers to contribute at the actuarial required rate for past and future service and repealing certain working after retirement statutes for state and local elected officials.
Sponsored By: Sponsor information unavailable
Signed by Governor
financial institutions and pensionsfinancial institutions and insurance
Your PRIA Score
Score Hidden
Personalized for You
How does this bill affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this bill and every other piece of legislation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Bill Overview
Analyzed Economic Effects
3 provisions identified: 1 benefits, 0 costs, 2 mixed.
New KPERS board makeup and ethics rules
The KPERS board has nine members: six appointed (four by the governor with senate confirmation, one by the senate president, one by the house speaker), two elected members, and the state treasurer. The board elects a chair and a vice‑chair each year. Members must disclose big interests in any publicly traded investments the fund holds and cannot hold a substantial interest in nonpublic fund investments. A substantial interest means owning over $5,000 or 5%, receiving $2,000+ in pay or loans, or serving as an officer or partner. Former members face a two‑year ban on working for organizations the fund invested in, unless the company is publicly traded. All members are fingerprinted and must pass state and national background checks.
Old KPERS sections repealed and replaced
The law repeals four KPERS statutes: 74-4915b, 74-4915c, 74-4967, and 74-4905. Their rules are now covered by the updated provisions in this act, including board governance and employer funding.
Tighter KPERS employer funding and payment rules
By July 15 each year, KPERS certifies one employer rate for all, covering new service and paying off pre‑July 1, 1993 liabilities. KPERS sets each employer’s past‑service payments; the yearly amount must at least cover interest, and employers must pay. Employers can use wage funds or other funds and may levy an extra tax or use an employee benefits fund. New employers pay 16% of pensionable pay in the first year after joining. Employers must remit on time; late payments accrue judgment interest and can be taken from other state payments. New law costs roll into the next year’s rate, and contribution duties are not cut by pay caps.
Sponsors & Cosponsors
Sponsors
There is no primary sponsor on record.
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
Senate vote • 4/23/2026
Yea: 40 Nay: 0
Yes: 40 • No: 0
Senate vote • 4/23/2026
Yea: 125 Nay: 0
Yes: 125 • No: 0
Senate vote • 4/23/2026
Yea: 118 Nay: 0
Yes: 118 • No: 0
Senate vote • 4/23/2026
Yea: 40 Nay: 0
Yes: 40 • No: 0
Actions Timeline
Enrolled and presented to Governor on Friday, April 3, 2026
4/9/2026SenateApproved by Governor on Thursday, April 9, 2026
4/9/2026SenateConference Committee Report was adopted; Yea: 40 Nay: 0
3/27/2026SenateConference committee report now available
3/25/2026HouseConference Committee Report was adopted; Yea: 125 Nay: 0
3/25/2026HouseMotion to accede adopted; Representative Hoheisel, Representative Stiens and Representative Xu appointed as conferees
3/16/2026HouseCommittee of the Whole - Committee Report be adopted
3/12/2026HouseCommittee of the Whole - Be passed as amended
3/12/2026HouseEmergency Final Action - Passed as amended; Yea: 118 Nay: 0
3/12/2026HouseNonconcurred with amendments; Conference Committee requested; appointed Senator Dietrich , Senator Fagg and Senator Miller as conferees
3/12/2026SenateCommittee Report recommending bill be passed as amended by Committee on Financial Institutions and Pensions
3/10/2026HouseHearing: Wednesday, March 4, 2026, 9:00 AM Room 582-N
3/4/2026HouseReceived and Introduced
2/12/2026HouseReferred to Committee on Financial Institutions and Pensions
2/12/2026HouseCommittee of the Whole - Be passed
2/11/2026SenateEmergency Final Action - Passed; Yea: 40 Nay: 0
2/11/2026SenateCommittee Report recommending bill be passed by Committee on Financial Institutions and Insurance
2/9/2026SenateReferred to Committee on Financial Institutions and Insurance
2/3/2026SenateHearing: Tuesday, February 3, 2026, 9:30 AM Room 546-S
2/3/2026SenateIntroduced
2/2/2026Senate
Bill Text
As Amended by House Committee
As introduced
Enrolled
Related Bills
HB 2761 — Enacting the speech-language pathology assistant act to provide for the licensure of speech-language pathology assistants.
HB 2739 — Relating to housing code requirements, removing the definition of apartment houses from chapter 31 of the Kansas Statutes Annotated, providing requirements for adoption of the international fire code, 2024 edition, and providing that certain state accessibility standards are not applicable to moderate income housing program and Kansas investor tax credit housing act projects.
HB 2737 — Enacting the taxpayer agreement act to provide for an alternative method of tax increment financing of municipal economic development projects through taxpayer agreements.
HB 2711 — Modifying and updating procedures for dissolution of cities of the third class.
SB 473 — Authorizing Audubon of Kansas to convey certain property in Wabaunsee county and requiring any deeds or conveyances related to such property be reviewed and approved by the state historical society.
HB 2702 — Providing that applicants for a physician assistant license submit to a criminal record check, providing for the collaboration between physicians and physician assistants and requiring the revocation of a physician assistant license under certain circumstances.