Senate Bill 34

KPERS' Senate Bill 34 Overview

KPERS reviews and monitors potential legislation very closey. KPERS is tracking Senate Bill 34 related to bitcoin investments.

Based on KPERS’ initial review, Senate Bill 34 would allow the KPERS Board of Trustees to invest up to 10% of the Trust Fund assets in Bitcoin exchange-traded products. The bill does not require investments in Bitcoin but provides the Board with the option do so.

As of now, KPERS does not invest in any cryptocurrencies, and the current KPERS investment policy (as set by the Board) does not include Bitcoin.

The KPERS Board manages the KPERS investment portfolio. KPERS and its investment managers are guided by the fiduciary standard. That means we put the interests of our members first in all that we do. That includes investing solely for the benefit of members, with the highest expected return, lowest expected risk, and appropriate diversification.

KPERS’ professional Investment Team monitors the portfolio. They are supported by three investment consulting groups, as well as our external investment managers. You can be confident knowing we’re dedicated to investing Trust Fund assets solely for your benefit.

If you have any thoughts about SB 34 you could also share them with your local legislators. You can find your legislator by going to www.kslegislature.gov and clicking Find Your Legislator in the left-hand menu.

KPERS’ Summary on SB 34, will be updated as more details are available.

Learn more about KPERS Investments