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Pension bonds have been bad news, but Kansas is betting on them anyway

Uh-oh. From Watchdog.org: “The bonds don’t actually fix the state’s pension debt. Rather, they shift the debt out of the pension funds, making them appear healthier than they are. As soon as that happens, public employees will be looking for an increase in benefits, warns Anderson.”

Pension bonds have been bad news, but Kansas is betting on them anyway