At least one state is considering a controversial option to put the responsibility for public pensions on the books of private insurers.
Addressing a recent joint legislative committee, two top advisors to Kansas' Republican Gov. Sam Brownback suggested the state study the privatization option.
The Kansas Public Employees Retirement System had a funding ratio of 56.4 percent in 2013, placing it among the worst in the country, according to Bloomberg News.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
