Kansas fund getting $430 million from pension obligation bonds

The Kansas Public Employees Retirement System, Topeka, will invest $430 million in proceeds from state pension obligation bond sales, splitting the money among the fund's current managers according to its current asset allocation, Rob Woodard, CIO, said in a statement. The $9.8 billion system's asset allocation is 33% domestic equity, 24% fixed income, 19% international equity, 10% TIPS, 8% real estate, 5% alternative investments and 1% cash. The system was 77.6% funded as of Dec. 31, 2002, its most recent actuarial valuation, he said.