Sedgwick County Manager William Buchanan will serve on a new commission formed to strengthen the state’s retirement system.
Senate President Steve Morris, R-Hugoton, today announced two appointments to the group, charged with examining the Kansas Public Employees Retirement (KPERS) system and making recommendations to the Legislature to improve the long-term financial strength of the plan, a news release said.
Buchanan was Morris’ public appointment to the board. Morris also appointed Sen. Jeff King, R-Independence.
“I am pleased to have Senator King and Mr. Buchanan at the table,” Morris said. “With input from legislators, citizens and financial experts from across the state, I am confident the commission will come back to us with a plan that will protect both our retirees and our bottom line.”
Buchanan, the news release said, has more than 16 years of experience with public retirement plans in Kansas and in other states. He has served on the board and as chairman of a defined contribution system; taken part in two different deferred compensation plans; and has hands-on experience with both the participant and administrator aspects of public retirement plans.
“This is a tremendous opportunity to work with other Kansans to find a solution that is fiscally responsible for our state and respectful to the many retired men and women who have paid into KPERS over the years,” Buchanan said in the news release.