Kansas SB34 allows the KPERS board to invest up to 10% of the fund in bitcoin exchange-traded products.
Kansas SB34 authorizes the Kansas Public Employees Retirement System (KPERS) board of trustees to invest up to 10% of the fund in bitcoin exchange-traded products. The bill outlines specific requirements, limitations, and definitions regarding such investments. The board must ensure that the total value of bitcoin investments does not exceed 10% of the fund's total investment assets. If the value exceeds this limit due to market forces, the board is not required to liquidate or sell the holdings unless it is in the best interest of the members and beneficiaries.
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