reglab/housing_qa huggingface dataset:
KS Stat § 74-4908a (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-4908a Independent actuarial audit and evaluation of actuarial services; requirements; employment of actuary.

74-4908a. Independent actuarial audit and evaluation of actuarial services; requirements; employment of actuary. Commencing in the fiscal year that commenced in calendar year 1995 and at least once every six years thereafter, there shall be an independent actuarial audit and evaluation of the actuarial services and valuations provided to the board of trustees of the Kansas public employees retirement system pursuant to K.S.A. 74-4908(3), and amendments thereto. Such independent audit and evaluation shall be conducted by an actuary other than the actuary employed or retained by the board pursuant to K.S.A. 74-4908(3), and amendments thereto. Such independent audit and evaluation shall include a review of all assumptions, evaluations and methodology utilized by the actuary employed or retained by the board as provided in K.S.A. 74-4908(3), and amendments thereto, and shall express an opinion regarding the reasonableness or accuracy of the actuarial assumptions, actuarial cost methods, valuation results and statutory contribution rates and shall include certifications that the actuarial valuation report was performed by a qualified actuary, that the valuation was prepared in accordance with principles of practices prescribed by the actuarial standards board and that the actuarial calculations were performed by qualified actuaries in accordance with accepted actuarial procedures and that such actuary conducting the independent actuarial audit and evaluation shall perform test work on the data used by the system for the annual valuation and actuarial experience review required by K.S.A. 74-4908, and amendments thereto. The actuary conducting the independent actuarial audit and evaluation as required by this section shall be employed by the legislative coordinating council as provided in K.S.A. 46-1204, and amendments thereto.History: L. 1995, ch. 267, § 32; L. 2021, ch. 75, § 2; July 1.
KS Stat § 74-4909a (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-4909a KPERS board; study of conversion of system from deferred benefit plans to deferred contribution plans.

74-4909a. KPERS board; study of conversion of system from deferred benefit plans to deferred contribution plans. The board of trustees of the Kansas public employees retirement system shall conduct a study which shall be reported to the legislature at the beginning of the 1996 regular session of the legislature. The study shall be conducted to determine and analyze the effects of converting the systems administered by the board of trustees from defined benefit plans to defined contribution plans with respect to current or future state employee members of such systems, or both.History: L. 1995, ch. 267, § 41; July 1.
KS Stat § 74-4909b (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-4909b KPERS board; fee charged for investment and management services.

74-4909b. KPERS board; fee charged for investment and management services. Notwithstanding any provision of law to the contrary, whenever the Kansas public employees retirement system board of trustees is directed to invest and reinvest and manage any moneys or funds pursuant to law, other than as provided pursuant to K.S.A. 74-4921, and amendments thereto, or any other provision related to the Kansas public employees retirement system and systems thereunder, the board may charge a fee to cover the board's expenses, related to such investment and management services. The provisions of this section shall be part of and supplemental to the provisions of K.S.A. 74-4901 et seq., and amendments thereto. The provisions of this section shall be effective on and after July 1, 2000.History: L. 2000, ch. 152, § 37; May 25.
KS Stat § 74-4910a (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-4910a Kansas advocacy board as eligible employer.

74-4910a. Kansas advocacy board as eligible employer. (a) The Kansas advocacy board shall be an eligible employer in the Kansas public employees retirement system for all purposes under the system. The Kansas advocacy board may affiliate with the system on July 1, 1989, or on any entry date thereafter.(b) The provisions of this section shall be effective on and after July 1, 1989.History: L. 1989, ch. 232, § 32; May 25.
KS Stat § 74-4911a (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-4911a Validity of certain elections not to participate; effective date.

74-4911a. Validity of certain elections not to participate; effective date. Any election not to participate in the Kansas public employees retirement system which was filed with the office of the Kansas public employees retirement system prior to January 1, 1975, by an elected official who was a member of the Kansas public employees retirement system at the time of taking the oath of office, shall have full force and effect from the date of filing even though such election was void at the time of filing.History: L. 1975, ch. 413, § 1; Apr. 25.
KS Stat § 74-4911c (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-4911c Membership election for persons barred prior to July 1, 1982, for coverage by other systems; limitation.

74-4911c. Membership election for persons barred prior to July 1, 1982, for coverage by other systems; limitation. (a) Each person who is an employee of a participating employer on June 30, 1982, who was barred from membership in the Kansas public employees retirement system under the law in effect on June 30, 1982, by reason of coverage by, eligibility for or future eligibility for another retirement plan authorized under any other law of this state, and who is made eligible by this act to be a member of the Kansas public employees retirement system, may make an election in accordance with this section to become a member of that system. No such person shall become a member of the Kansas public employees retirement system in accordance with this section and K.S.A. 74-4911 or 74-4935 and amendments thereto, whichever is applicable, unless such person files a written statement of election to become a member of the system under this section. A written statement of election to become a member of the system shall be filed with the board of trustees. Each election by filing a written statement of election under this section shall be effective on the first day of the first payroll period of the calendar quarter coinciding with or following the date of such filing and shall be irrevocable.(b) No election shall be made as provided in subsection (a) after June 30, 1998.History: L. 1982, ch. 319, § 12; L. 1998, ch. 64, § 29; July 1.
KS Stat § 74-4911d (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-4911d Membership election for certain persons employed on June 17, 1983; procedure; effect.

74-4911d. Membership election for certain persons employed on June 17, 1983; procedure; effect. Each person who is an employee of a participating employer on June 17, 1983, who was barred from membership in the Kansas public employees retirement system under the law in effect on June 17, 1983, by reason of having attained age 59 at entry of employment, and who is made eligible by this act to be a member of the Kansas public employees retirement system, may make election in accordance with this section to become a member of that system. No such person shall become a member of the Kansas public employees retirement system in accordance with this section and K.S.A. 74-4911 or 74-4935, whichever is applicable, and amendments to such sections, unless such person files a written statement of election to become a member of the system under this section. A written statement of election to become a member of the system shall be filed with the board of trustees. Each election by filing a written statement of election under this section shall be effective on the first day of the first payroll period of the reporting quarter coinciding with or following the date of such filing and shall be irrevocable.History: L. 1983, ch. 254, § 19; June 18.
KS Stat § 74-4911e (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-4911e Election by elected officials to continue membership after service terminates; employer and employee rates of contribution, limitations; revocation; application of Kansas public employees retirement act.

74-4911e. Election by elected officials to continue membership after service terminates; employer and employee rates of contribution, limitations; revocation; application of Kansas public employees retirement act. (a) Each person who is an elected official on and after January 1, 1985, and who is a member of the Kansas public employees retirement system, may elect to continue to participate in the Kansas public employees retirement system under the provisions of this act after the date such person's service as an elected official terminates unless such person immediately becomes an employee of another participating employer. Such person's election is valid only if such person files notice of such election in the office of the executive director of the Kansas public employees retirement system, in a form acceptable to the system, within 30 days of the termination of such person's service as an elected official.(b) For the purposes of contributions to and benefits under the Kansas public employees retirement system, compensation of such members shall be a monthly amount equal to the greater of (1) the compensation to which the elected official was entitled for services as an elected official during the period January 15 to February 14, inclusive, of the most recent year, or (2) the monthly amount of such person's compensation at the time that such person's service as an elected official terminates. The employer rate of contribution for the state of Kansas and employee rate of contribution shall be applied to such amounts monthly. Such person shall remit the required employer and employee contributions to the system quarterly in advance with a report as may be required by the system.(c) Any election by such person under subsection (a) shall remain in effect until revoked in writing and received by the system or such person becomes an employee of another participating employer or upon failure of such person to remit to the system the employer and employee contributions required under subsection (b).(d) This act or acts amendatory thereof and supplemental thereto shall become a part of the Kansas public employees retirement act as defined in subsection (2) of K.S.A. 74-4902 and amendments thereto and shall be governed thereby in all respects, except if words and phrases used in this act appear to have a different meaning, the provisions of this act shall prevail.(e) The provisions of subsection (2) of K.S.A. 74-4916 and amendments thereto are not applicable to any person making an election under subsection (a).(f) No election shall be made as provided in subsection (a) after June 30, 1998.History: L. 1985, ch. 254, § 26; L. 1987, ch. 299, § 11; L. 1998, ch. 64, § 30; L. 2001, ch. 209, § 8; May 31.
KS Stat § 74-4911i (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-4911i Certain employees of participating employers who are members of local plan are exempt from KPERS membership.

74-4911i. Certain employees of participating employers who are members of local plan are exempt from KPERS membership. An employee of a participating employer, as defined in K.S.A. 74-4902, and amendments thereto, in the Kansas public employees retirement system, who is a fireman as defined in K.S.A. 74-4952, and amendments thereto; an emergency medical service technician as defined in K.S.A. 74-4954a, and amendments thereto; or a policeman as defined in K.S.A. 74-4952, and amendments thereto; and who is, or who will be, upon satisfying any required eligibility waiting period, an active member in either: (a) A retirement plan originally established by a not-for-profit, nongovernmental fire department as of January 1, 1969, and subsequently maintained by a participating employer; or (b) a retirement plan for policemen established by a participating employer as of March 1, 1968, to replace a retirement plan for policemen that was originally established on April 6, 1961, shall be exempt from membership in the system.History: L. 2003, ch. 155, § 18; May 29.
KS Stat § 74-4912 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-4912 Consolidation of other systems with state system; resolution; requirements.

74-4912. Consolidation of other systems with state system; resolution; requirements. (1) The state of Kansas or any county, city, township, special district or instrumentality of any of the aforementioned whose employees or a class of whose employees are members of any other retirement or pension plan authorized by a statute of the state of Kansas may by resolution adopted by the board, body or officer or officers authorized to apply for application pursuant to K.S.A. 74-4910, and any amendments thereto, request the board to submit a proposal for consolidation of such other system with the Kansas public employees retirement system including an estimate of the contribution rate necessary to comply with the actuarial standard of this system. Such proposal shall provide that:(a) The operation of such other pension system shall be discontinued;(b) the existing retirants or annuitants of such other system shall continue to be paid by the Kansas public employees retirement system on the basis of the benefits schedule applicable in such other system at the date of proposed consolidation, except that all such benefits shall be paid in accordance with the applicable requirements of section 401 (a)(9) of the federal internal revenue code and the regulations thereto in effect on July 1, 2008, and in accordance with the provisions of K.S.A. 74-49,123, and amendments thereto. Active members of such other system shall be deemed vested in such member's accrued benefit under such system;(c) all cash and securities to the credit of such other system shall be transferred to the Kansas public employees retirement system;(d) funds of such other system which represent accumulated contributions, if any, of members shall be credited to the employees accumulated contribution reserve of each employee. The balance of the funds so transferred to the Kansas public employees retirement system shall be offset against the liability on account of existing retirants, annuitants and active members;(e) the resulting liability so determined shall be the basis for a rate of contribution of such employer; and(f) such consolidation shall take effect only on January 1 of any given year.(2) Before any employer shall adopt a resolution of affiliation which shall propose to accept a proposal of the board as provided in this section, at least 60% of the members, not retirants or annuitants, shall approve such consolidation. The board shall prescribe the manner in which such consent shall be exercised.History: L. 1961, ch. 427, § 12; L. 1963, ch. 412, § 6; L. 1998, ch. 64, § 32; L. 2008, ch. 113, § 11; July 1.
KS Stat § 74-4912a (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-4912a Transfer of assets of certain retirement funds to KPERS; retirement of actuarial accrued liability; members to be special members of KPERS.

74-4912a. Transfer of assets of certain retirement funds to KPERS; retirement of actuarial accrued liability; members to be special members of KPERS. (1) On July 1, 1994, or any July 1 thereafter, the assets of a retirement fund under the provisions of K.S.A. 72-1759 and amendments thereto may be transferred to the Kansas public employees retirement system. The actuary for the Kansas public employees retirement system shall compute the remaining actuarial accrued liability as of the preceding June 30 and the board of education of such school district as provided in K.S.A. 72-1759 and amendments thereto shall remit to the Kansas public employees retirement system annually on July 1, for a period not to exceed the remaining amortization period under the provisions of subsection (1) of K.S.A. 74-4920 and amendments thereto an amount sufficient to retire the actuarial accrued liability.(2) Upon such transfer of assets, all active and retired members or any person who is a joint annuitant or beneficiary of any member shall become a special member of the Kansas public employees retirement system.History: L. 1994, ch. 293, § 38; May 5.
KS Stat § 74-4914b (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-4914b Same; application of 74-4901 to 74-4929.

74-4914b. Same; application of 74-4901 to 74-4929. Except as otherwise provided in K.S.A. 74-4914a to 74-4914d, inclusive, and amendments thereto, the provisions of K.S.A. 74-4901 to 74-4929, and any acts amendatory thereof or supplemental thereto, shall apply to all security officers.History: L. 1976, ch. 356, § 2; L. 1982, ch. 319, § 18; July 1.
KS Stat § 74-4914d (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-4914d Certain employees of department of corrections; employer contribution rate.

74-4914d. Certain employees of department of corrections; employer contribution rate. (1) Any additional cost resulting from the normal retirement date and retirement before such normal retirement date for security officers as provided in K.S.A. 74-4914c, and amendments thereto, and disability benefits as provided in K.S.A. 74-4914e, and amendments thereto, shall be added to the employer rate of contribution for the department of corrections as otherwise determined under K.S.A. 74-4920, and amendments thereto, except that the employer rate of contribution for the department of corrections including any such additional cost added to such employer rate of contribution pursuant to this section shall in no event exceed the employer rate of contribution for the department of corrections for the immediately preceding fiscal year by more than the following amounts expressed as a percentage of compensation upon which security officers contribute during the period: (a) For the fiscal year commencing in calendar years 2010 through 2012, an amount not to exceed more than 0.6% of the amount of the immediately preceding fiscal year; (b) for the fiscal year commencing in calendar year 2013, an amount not to exceed more than 0.9% of the amount of the immediately preceding fiscal year; (c) for the fiscal year commencing in calendar year 2014, an amount not to exceed more than 1% of the amount of the immediately preceding fiscal year; (d) for the fiscal year commencing in calendar year 2015, the employer rate of contribution shall be 10.91%; (e) for the fiscal year commencing in calendar year 2016, the employer rate of contribution shall be 10.81%; and (f) in each subsequent calendar year, an amount not to exceed more than 1.2% of the amount of the immediately preceding fiscal year, to be calculated without regard to transfers made pursuant to section 50 of chapter 111 of the 2016 Session Laws of Kansas. As used in this section, "capitalized interest" means interest payments on the bonds that are prefunded or financed from bond proceeds as part of the issue for a specified period of time in order to offset one or more initial debt service payments.History: L. 1976, ch. 356, § 4; L. 1982, ch. 319, § 20; L. 2006, ch. 143, § 9; L. 2012, ch. 171, § 19; L. 2015, ch. 39, § 2; L. 2015, ch. 100, § 11; L. 2016, ch. 12, § 106; L. 2016, ch. 111, § 51; June 9.
KS Stat § 74-4915a (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-4915a Retirement benefits for members ineligible due to a reduction in hours.

74-4915a. Retirement benefits for members ineligible due to a reduction in hours. (a) Except as otherwise provided in subsection (b), any member of the system who becomes eligible for another retirement plan authorized under any law of this state or who becomes ineligible for the Kansas public employees retirement plan due to a reduction of hours, who: (1) Has not been granted a vested retirement benefit in the system as provided in K.S.A. 74-4917, and amendments thereto; and (2) has reached the early or normal retirement dates as provided in K.S.A. 74-4914, and amendments thereto, shall be eligible to receive a retirement benefit based on such member's years of service and have interest credited annually to such member's account from the time the member first becomes eligible under this subsection and for so long as they remain eligible under the provisions of this subsection notwithstanding the fact that such member has not been granted a vested retirement benefit as provided in K.S.A. 74-4917, and amendments thereto. Receipt of such retirement benefit shall be as otherwise provided by law.(b) If the status of such member is no longer as described in subsection (a), the vesting requirements specified by K.S.A. 74-4917, and amendments thereto shall be applicable to such member.(c) The provisions of this section shall be part of and supplemental to the provisions of K.S.A. 74-4901 et seq., and amendments thereto.(d) The provisions of this section shall be effective on and after July 1, 2000.History: L. 2000, ch. 152, § 35; May 25.