Letter: KPERS is miscalculated

What’s not being discussed about KPERS is that its numbers are based upon an unrealistic investment return of 7.75 percent. Warren Buffett calculates that the Dow Jones Industrial Average will return about 4 percent over the next 100 years. This is a much more reasonable assumption. Of the $17.7 billion in assets the pension holds, 30.6 percent are invested into fixed income and cash, earning about 2 percent. That means the rest of the portfolio would have to earn about 10 percent in perpetuity, which is absurd. The stated assumption is that the pension is 67 percent funded. In reality, it’s about 50 percent funded.

HOLMES OSBORNE, Independence, MO



Fri, 12/15/2017 - 19:27

Letter: Colmery-O’Neil VA Medical Center offers excellent care

I want to make a public statement regarding Topeka’s veterans hospital. I am an 85-year-old veteran who has only recently plugged into... Read more

Fri, 12/15/2017 - 19:19

Letter: Ruby-red Kansas?

Thanks to the surprise upset of Roy Moore in the race for a U.S. Senate seat in Alabama, that state may no... Read more

Fri, 12/15/2017 - 19:13

Letter: Constitution should be amended to eliminate Supreme Court’s meddling in school funding

“Amend the Constitution”

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