reglab/housing_qa huggingface dataset:
KS Stat § 74-4986m (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-4986m Same; interest credits.

74-4986m. Same; interest credits. (a) The board shall establish within the Kansas police and firemen's retirement system a deferred retirement option program for members. The board shall administer the DROP in compliance with the federal internal revenue code and applicable treasury regulations, including, but not limited to, the incidental benefit and required minimum distribution requirements of section 401(a)(9) of the federal internal revenue code.(b) The board shall establish a DROP account for each member. Each DROP account shall be credited annually with interest as provided in this subsection. Interest may only be credited in a year in which the actual rate of return on the market value on the investments of the DROP reach the system's assumed investment rate of return. Such interest credit may not exceed 50% of the actual rate of return, and such interest credit shall not exceed 3%.History: L. 2015, ch. 77, § 6; July 1.
KS Stat § 74-4986n (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-4986n Same; election; requirements; continued service.

74-4986n. Same; election; requirements; continued service. (a) (1) A member who is appointed or employed prior to July 1, 1989, and who did not make an election pursuant to K.S.A. 74-4955a, and amendments thereto, may elect to participate in the DROP by making application in such form prescribed by the system at the attainment of age 55 and the completion of 20 years of credited service or at the completion of 32 years of credited service regardless of the age of such member.(2) A member who is appointed or employed on or after July 1, 1989, or who made an election pursuant to K.S.A. 74-4955a, and amendments thereto, may elect to participate in the DROP by making application in such form prescribed by the system at the attainment of age 55 and the completion of 20 years of credited service, age 50 and the completion of 25 years of credited service or age 60 with the completion of 15 years of credited service.(b) A member shall indicate on the application the DROP period such member wishes to participate in the DROP. A member may elect to participate in the DROP for a minimum of three years and may not participate for more than five years from the effective date of the election to participate in the DROP. A member may participate in the DROP only once. Once the application is accepted by the system, such member becomes a DROP participant. If a member fails to participate in the DROP for a minimum of three years, all of the member's interest credits shall be forfeited, unless such member retires due to disability as defined in K.S.A. 74-4952, and amendments thereto. A member who remains in active service at the expiration of the member's elected DROP period shall not be eligible for any additional interest credits. A member who first elected a DROP period of less than five years may extend, with the employer's authorization, such DROP period upon making application to the system. The total aggregate DROP period for a member shall be consecutive and shall not exceed five years from the effective date of the initial election to participate in the DROP.(c) A member who makes an election under this section shall continue in the active service under the Kansas police and firemen's retirement system but shall not earn service credit under K.S.A. 74-4951 et seq., and amendments thereto, after the election's effective date. On and after the effective date of the member's election to participate, such member is ineligible to purchase service credit under K.S.A. 74-4901 et seq., and amendments thereto.(d) Participation in the DROP by a member does not guarantee continued employment. During a member's participation in the DROP, employer contributions under K.S.A. 74-4967, and amendments thereto, and member contributions under K.S.A. 74-4965, and amendments thereto, shall be made to the retirement system. No member or employer contributions shall be applied to a member's DROP account.History: L. 2015, ch. 77, § 7; L. 2021, ch. 75, § 5; July 1.
KS Stat § 74-4986p (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-4986p Same; termination events.

74-4986p. Same; termination events. (a) A member's participation in the DROP ceases on the occurrence of the earliest of the following:(1) Termination of the member's active service with the Kansas highway patrol or Kansas bureau of investigation;(2) the last day of the member's elected DROP period that begins on the effective date of the member's election to participate in the DROP;(3) retirement due to disability as defined in K.S.A. 74-4952, and amendments thereto; or(4) the member's death.(b) If a member dies before taking a distribution from such member's DROP account, the member's designated beneficiary shall receive a lump-sum payment equal to the member's DROP account balance, including any lump sum credited as provided in K.S.A. 74-4986o(d), and amendments thereto. If the DROP member has not named a beneficiary for such member's DROP account, the amount in the DROP account shall be paid to the beneficiary of the member's retirement benefit.History: L. 2015, ch. 77, § 9; L. 2016, ch. 76, § 9; L. 2019, ch. 50, § 6; July 1.
KS Stat § 74-4986q (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-4986q Same; distributions.

74-4986q. Same; distributions. (a) A member, who satisfies the requirements of this act, shall be entitled to a distribution of such member's DROP account, including any lump sum credited as provided in K.S.A. 74-4986o(d), and amendments thereto. Such distribution may be through any combination of the following payout options, each of which is subject to the applicable provisions of the federal internal revenue code and the applicable regulations of the internal revenue service:(1) A direct rollover to an eligible retirement plan; or(2) a lump-sum distribution.(b) The board may specify minimum account balances for purposes of allowing benefit payment options and rollovers in accordance with federal law.History: L. 2015, ch. 77, § 10; L. 2016, ch. 76, § 10; July 1.
KS Stat § 74-4986r (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-4986r Same; sunset.

74-4986r. Same; sunset. The provisions of K.S.A. 74-4986k through 74-4986r, and amendments thereto, shall expire on January 1, 2025.History: L. 2015, ch. 77, § 11; L. 2019, ch. 50, § 7; July 1.
KS Stat § 74-4989 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-4989 Lump-sum death benefit for retirants.

74-4989. Lump-sum death benefit for retirants. (1) (a) Except as provided in (b), pursuant to the provisions of K.S.A. 74-49,128, and amendments thereto, upon the death of a retirant, the board of trustees of the Kansas public employees retirement system shall pay a lump-sum death benefit to: The retirant's beneficiary which shall not exceed $4,000 for such retirant, less any amount payable for funeral benefits under the applicable provisions of any local police or fire pension plan, as defined by subsection (c) of K.S.A. 12-5001 and amendments thereto; or to a funeral establishment as directed by the retirant and filed in the office of the system prior to such retirant's death.(b) Notwithstanding the provisions of K.S.A. 74-4923 and amendments thereto, any amounts owed the system shall be deducted from such lump-sum death benefit.(2) As used in this section, "retirant" means any person who is a member or special member of the Kansas public employees retirement system, the Kansas police and firemen's retirement system, the state school retirement system or the retirement system for judges and who has retired.History: L. 1982, ch. 319, § 2; L. 1983, ch. 254, § 18; L. 1985, ch. 254, § 21; L. 1986, ch. 294, § 13; L. 1987, ch. 299, § 32; L. 1993, ch. 227, § 48; L. 1994, ch. 293, § 23; L. 1995, ch. 267, § 27; L. 2000, ch. 152, § 25; L. 2001, ch. 209, § 43; May 31.
KS Stat § 74-4991 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-4991 Membership in public employees retirement system authorized for members of legislature; entry date.

74-4991. Membership in public employees retirement system authorized for members of legislature; entry date. Each person who was a member of the legislature on January 1, 1974, and each person who serves as a member of the legislature after January 1, 1974, and each former member of the legislature who is eligible to receive benefits or who will become eligible to receive benefits under the provisions of K.S.A. 1972 Supp. 46-1301, as they existed on the day preceding the effective date of this act, shall become an eligible employee on the entry date or upon taking the oath of office for the office to which such person is elected if such election occurs after the entry date of such person's employer. The entry date of the state of Kansas relating to all members of the legislature or former members of the legislature covered by this act shall be January 1, 1974. "Members of the legislature" as used in this act shall mean any person elected or appointed to the legislature.History: L. 1973, ch. 329, § 1; L. 1975, ch. 413, § 2; Apr. 25.
KS Stat § 74-4993 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-4993 Same; rights, duties, liabilities and benefits for members; computation of prior service annual salary.

74-4993. Same; rights, duties, liabilities and benefits for members; computation of prior service annual salary. Upon becoming a member as that term is defined in subsection (21) of K.S.A. 74-4902 members of the legislature or former members of the legislature as described in K.S.A. 74-4991, shall be entitled to and governed by all the provisions relating to rights, powers, duties, liabilities and benefits for members, their dependents and beneficiaries. For the purposes of this act the member's prior service annual salary shall be computed by multiplying by twelve (12) the highest monthly compensation received as such member of the legislature in the year immediately preceding the entry date as defined in this act or in the last year during which he or she served as a member of the legislature.History: L. 1973, ch. 329, § 3; L. 1975, ch. 413, § 4; Apr. 25.
KS Stat § 74-4996 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-4996 Same; act supplemental to Kansas public employees retirement act; first retirement date.

74-4996. Same; act supplemental to Kansas public employees retirement act; first retirement date. This act or acts amendatory hereof and supplemental hereto shall become a part of the Kansas public employees retirement act as defined in subsection (2) of K.S.A. 74-4902 and shall be governed thereby in all respects, except if words and phrases herein used appear to have a different meaning, the provisions of this act shall prevail. The first retirement date under this act will be January 1, 1974. No member shall be entitled to receive the retirement benefits provided for under the provisions of this act while serving as a member of the legislature as described in K.S.A. 74-4991.History: L. 1973, ch. 329, § 6; L. 1975, ch. 413, § 6; Apr. 25.
KS Stat § 74-4997 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-4997 Same; severability.

74-4997. Same; severability. If any clause, paragraph, subsection or section of this act shall be held invalid or unconstitutional it shall be conclusively presumed that the legislature would have enacted the remainder of this act without such invalid or unconstitutional clause, paragraph, subsection or section.History: L. 1973, ch. 329, § 7; July 1.
KS Stat § 74-4998 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-4998 Same; rights under act; waiver of rights under 46-1301.

74-4998. Same; rights under act; waiver of rights under 46-1301. Nothing in this act shall affect any right or interest that any legislator may have acquired under K.S.A. 1972 Supp. 46-1301, unless such a person elects to become a member under this act, in which case such person shall be deemed to have waived all rights he had or may have had under said 46-1301.History: L. 1973, ch. 329, § 8; July 1.
KS Stat § 74-4998e (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-4998e Same; retirement benefits; vesting, application.

74-4998e. Same; retirement benefits; vesting, application. If an elected state official has completed eight years of credited service at date of termination, such elected state official automatically shall be granted a vested retirement benefit in the system, except that at any time prior to the commencement of retirement benefit payments the elected state official may withdraw accumulated contributions, whereupon no other benefits shall be payable for such elected state official's prior and participating service credit. Eligibility of such elected state official for retirement benefits and procedures for making application for retirement benefits shall be in accordance with K.S.A. 74-4914 and amendments thereto. Such elected state official shall make application for retirement in such form as may be prescribed by the board and retirement benefits shall accrue from the first day of the month following receipt of such application. The amount of the retirement benefit shall be determined as provided in K.S.A. 74-4915 and amendments thereto.History: L. 1988, ch. 302, § 23; July 1.
KS Stat § 74-4998f (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-4998f Same; employer contributions; determination and payment.

74-4998f. Same; employer contributions; determination and payment. (a) The board shall certify, on or before July 15 of each year, to the division of budget an actuarially determined estimate of the rate of contribution which will be required, together with all elected state official's contributions and other assets of the retirement system to pay all liabilities which shall exist or accrue under the provisions of this act. The rate of contribution for the state determined under this section shall not include the costs of administration of the system. The rate of contribution certified as provided in this section will first apply to the fiscal year commencing in calendar year 1988. For the fiscal year commencing in calendar year 1991, the employer rate of contribution for the state shall be 7.9% of the amount of compensation upon which the elected state officials contribute during the period.(b) The division of the budget and the governor shall include in the budget and in the budget request for appropriations for personal services the sum required to satisfy the state's obligation under the provisions of this act as certified by the board and shall present the same to the legislature for allowance and appropriation.History: L. 1988, ch. 302, § 24; L. 1991, ch. 237, § 14; July 1.
KS Stat § 74-4998g (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-4998g Elected state official provision supplemental to KPERS act.

74-4998g. Elected state official provision supplemental to KPERS act. Except as specifically provided, the provisions of K.S.A. 74-4998b through 74-4998f and amendments thereto shall be part of and supplemental to the provisions of K.S.A. 74-4901 et seq. and amendments thereto and shall be governed thereby in all respects, including, but not limited to, the provisions of K.S.A. 74-49,123 and amendments thereto.History: L. 1988, ch. 302, § 25; L. 1998, ch. 64, § 90; July 1.
KS Stat § 74-4999 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-4999 Persons formerly members of court reporters retirement system made members or special members of Kansas public employees retirement system; statutes applicable.

74-4999. Persons formerly members of court reporters retirement system made members or special members of Kansas public employees retirement system; statutes applicable. (a) As used in this section, "member of the retirement system for court reporters" means any official court reporter who, under the law in effect prior to July 1, 1975, had been making the required contributions to the Kansas retirement fund for official court reporters, or any former official court reporter who, under the law in effect prior to July 1, 1975, shall have made the required contributions to the Kansas retirement fund for official court reporters and shall have not received a refund of such contributions.(b) On and after July 1, 1975, every member of the retirement system for court reporters who has not retired thereunder shall be a member of the Kansas public employees retirement system and, except as otherwise provided in this act, shall be subject to the provisions of K.S.A. 74-4901 to 74-4929, inclusive, and acts amendatory thereof or supplemental thereto.(c) On and after July 1, 1975, every person who has retired and has been receiving or is eligible to receive an annuity from the Kansas retirement fund for official court reporters, and every other person who has been receiving benefits from the Kansas retirement fund for official court reporters shall be a special member of the Kansas public employees retirement system and, except as otherwise provided in this act, shall be subject to the provisions of K.S.A. 74-4901 to 74-4929, inclusive, and acts amendatory thereof or supplemental thereto.History: L. 1975, ch. 191, § 1; July 1.
KS Stat § 74-49,100 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-49,100 Abolition of Kansas retirement fund for official court reporters; transfer of assets to Kansas public employees retirement fund; credit of contributions; authorizing transfer endorsements; rights of members nonforfeitable.

74-49,100. Abolition of Kansas retirement fund for official court reporters; transfer of assets to Kansas public employees retirement fund; credit of contributions; authorizing transfer endorsements; rights of members nonforfeitable. (a) On July 1, 1975, the Kansas retirement fund for official court reporters created by K.S.A. 20-2702 is hereby abolished and the state treasurer shall transfer all moneys and other assets in such Kansas retirement fund for official court reporters to the Kansas public employees retirement fund created by K.S.A. 74-4921 and amendments thereto. For the purposes of all assets other than money, such transfer shall be at the market value of such assets at the close of business on the date of transfer, which shall be the bid price as quoted by a nationally recognized government bond dealer.(b) On July 1, 1975, and as a part of the transfer of moneys and other assets of the Kansas retirement fund for official court reporters to the Kansas public employees retirement fund, the accounts in the Kansas public employees retirement fund of persons who become members or special members of the Kansas public employees retirement system pursuant to K.S.A. 74-4999 and amendments thereto, shall be credited with the contributions in their respective accounts in the Kansas retirement fund for official court reporters.(c) On and after July 1, 1975, the board of trustees of the Kansas public employees retirement system may execute transfer endorsements for any stock or security which was transferred from the Kansas retirement fund for official court reporters to the Kansas public employees retirement fund pursuant to subsection (a). Any such endorsement may be made either in the name of the Kansas public employees retirement fund or in the name of the Kansas retirement fund for judges.(d) On and after July 1, 1975, whenever the Kansas retirement fund for official court reporters, or words of like effect, is referred to or designated by a statute or contract or other document, such reference or designation shall be deemed to apply to the Kansas public employees retirement fund.(e) On and after July 1, 1975, whenever the Kansas official court reporters retirement board, or words of like effect, is referred to or designated by a statute or contract or other document, such reference or designation shall be deemed to apply to the board of trustees of the Kansas public employees retirement system.(f) The rights of members of the Kansas retirement fund for official court reporters in benefits accrued to the date of termination, to the extent funded, or the amounts in such member's accounts are nonforfeitable.History: L. 1975, ch. 191, § 2; L. 1998, ch. 64, § 91; July 1.
KS Stat § 74-49,101 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-49,101 Request for appropriation for employer contribution; rate for fiscal 1976.

74-49,101. Request for appropriation for employer contribution; rate for fiscal 1976. The division of the budget and the governor shall include in the budget and in the budget request for appropriations for personal services the sum required to satisfy the state's obligation under this act as certified by the board of trustees of the Kansas public employees retirement system pursuant to K.S.A. 74-4920, and shall present the same to the legislature for allowance and appropriation, except that for the fiscal year beginning July 1, 1975, the rate of contribution of the state for persons who become members of the Kansas public employees retirement system pursuant to subsection (b) of K.S.A. 74-4999, shall be six and four-tenths percent (6.4%) of the amount of compensation on which such persons contribute during such fiscal year.History: L. 1975, ch. 191, § 3; July 1.
KS Stat § 74-49,102 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-49,102 Employee contributions for members and special members under 74-4999; payroll deductions.

74-49,102. Employee contributions for members and special members under 74-4999; payroll deductions. Beginning with the first payroll for services performed after July 1, 1975, of each person who is a member of the Kansas public employees retirement system pursuant to subsection (b) of K.S.A. 74-4999 and amendments thereto, the employer shall deduct from the compensation of such person 4% of such person's compensation as employee contributions. Such deductions shall be remitted quarterly, or as the board of trustees of the Kansas public employees retirement system may otherwise provide, to the executive director of the system for credit to the Kansas public employees retirement fund. Such deductions shall be credited to the members' individual accounts and interest shall be added annually to such accounts beginning as provided in subsection (d) of K.S.A. 74-49,103 and amendments thereto.History: L. 1975, ch. 191, § 4; L. 1990, ch. 282, § 24; L. 2001, ch. 209, § 45; May 31.