KPERS Investment Standards Modified to Allow Foreign Government Securities
Summary
Kansas SB232 modifies investment standards for the Kansas Public Employees Retirement System (KPERS), authorizing the board of trustees to invest funds equivalent to unclaimed property proceeds in certain foreign government securities. The bill passed both chambers with strong bipartisan support (Senate 36-4, House 123-1) and was enrolled on April 9, 2026.
What changed
Kansas SB232 amends K.P.A. 74-4921 and related statutes to expand the investment authority of the KPERS board of trustees. The bill specifically authorizes investment of moneys certified by the state treasurer as equivalent to aggregate net amounts received for unclaimed property in certain foreign government securities, modifying previous restrictions on foreign investments.
KPERS investment staff and the board of trustees should review updated investment guidelines once the bill takes effect. The board may need to update its investment policy statement and consider new investment opportunities in authorized foreign government securities. Compliance teams should document the expanded investment authority and ensure any new foreign securities meet the criteria established under the amended statute.
What to do next
- Review KPERS investment policy statement for updated foreign securities authority
- Assess new foreign government securities for investment eligibility under amended statute
- Document expanded investment authority in compliance procedures
Source document (simplified)
ChangeBridge / Kansas / SB232 Enrolled SB232 Senate Bill Enrolled 2026-04-09
Modifying investment standards of moneys of the board of trustees of the Kansas public employees retirement system certified by the state treasurer as equivalent to the aggregate net amount received for unclaimed property to authorize investment in certain foreign governments.
Bill Details
State Kansas
Session 2025-2026 Regular Session
Chamber Senate
Official Source kslegislature.gov/li/b2025_26/measures/sb232/
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Sponsors
Federal and State Affairs
Action History
2026-04-09 S Senate Enrolled and presented to Governor on Friday, April 3, 2026 2026-03-27 S Senate Conference Committee Report was adopted; Yea: 39 Nay: 0 2026-03-25 H House Conference Committee Report was adopted; Yea: 108 Nay: 17 2026-03-25 H House Conference committee report now available 2026-03-23 H House Motion to accede adopted; Representative Hoheisel, Representative Stiens and Representative Xu appointed as conferees 2026-03-23 S Senate Nonconcurred with amendments; Conference Committee requested; appointed Senator Dietrich , Senator Fagg and Senator Miller as conferees 2026-03-18 H House Emergency Final Action - Passed as amended; Yea: 123 Nay: 1 2026-03-18 H House Committee of the Whole - Be passed as amended 2026-03-18 H House Committee of the Whole - Committee Report be adopted 2026-03-10 H House Committee Report recommending bill be passed as amended by Committee on Financial Institutions and Pensions 2026-03-04 H House Hearing: Wednesday, March 4, 2026, 9:00 AM Room 582-N 2026-02-24 H House Referred to Committee on Financial Institutions and Pensions 2026-02-24 H House Received and Introduced 2026-02-18 S Senate Emergency Final Action - Passed as amended; Yea: 36 Nay: 4 2026-02-18 S Senate Committee of the Whole - Be passed as amended 2026-02-18 S Senate Committee of the Whole - Committee Report be adopted 2026-02-17 S Senate Committee Report recommending bill be passed as amended by Committee on Financial Institutions and Insurance 2026-02-03 S Senate Hearing: Tuesday, February 3, 2026, 9:30 AM Room 546-S 2025-02-07 S Senate Referred to Committee on Financial Institutions and Insurance 2025-02-06 S Senate Introduced
Votes
2026-02-18 Senate Emergency Final Action - Passed as amended - Yea: 36 Nay: 4 Yea: 36 Nay: 4 2026-03-18 House Emergency Final Action - Passed as amended - Yea: 123 Nay: 1 Yea: 123 Nay: 1 2026-03-25 House Conference Committee Report was adopted - Yea: 108 Nay: 17 Yea: 108 Nay: 17 2026-03-27 Senate Conference Committee Report was adopted - Yea: 39 Nay: 0 Yea: 39 Nay: 0
Committee Referrals
2025-02-07 S Financial Institutions and Insurance 2026-02-24 H Financial Institutions and Pensions
Amendments
2026-02-17 Senate Committee on Financial Institutions and Insurance Report 2026-03-10 House Committee on Financial Institutions and Pensions Report 2026-03-25 Conference Committee Report
Bill Text Versions
2025-02-06 Introduced 0000-00-00 Amended 0000-00-00 Amended 2026-04-09 Enrolled Legislative data powered by LegiScan (CC BY 4.0)
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