Evergy Pension Plan

Evergy Pension Plan

The Evergy Pension Plan exists to fund retirement obligations for employees of Evergy, Inc., the Kansas City-based utility formed by the 2018 merger of Great Plains Energy and Westar Energy. Its administrative committee is chaired by Heather A. Humphrey, while Evergy CEO David A. Campbell and CFO Kirkland Andrews sit on the board's finance committee — linking the plan's oversight directly to the utility's senior leadership. The plan allocates across core pension asset classes including public equities, fixed income, and alternative investments, but its most distinctive sleeve targets early-stage energy solution companies. This venture-oriented posture is uncommon for a regulated utility's pension fund and reflects the broader shift in Evergy's corporate strategy since Elliott Management took an activist stake and pushed for the Sustainability Transformation Plan. The fund invests primarily in US-based opportunities. The sponsor, Evergy, Inc., serves roughly 1.7 million customers across Kansas and Missouri, generating approximately $5.6 billion in annual revenue (per Evergy, 2023). The pension plan's size is not publicly disclosed, but the utility maintains both the defined-benefit plan and a separate 401(k) for its workforce. Plan administration is outsourced to Mercer, which operates the participant portal at the fund's primary web presence. The plan's structural differentiator lies in its exposure to emerging energy technologies alongside a traditional corporate bond and equity portfolio. For a sponsor that generates power from coal, natural gas, nuclear, and renewables, a pension fund investing in early-stage energy solutions creates a feedback loop — retirement assets gain from the very transition pressures reshaping the utility's operating business.