reglab/housing_qa huggingface dataset:
KS Stat § 74-49,205 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-49,205 Retirement benefit, determination; participating service; one-time redetermination benefit payment for certain members.

74-49,205. Retirement benefit, determination; participating service; one-time redetermination benefit payment for certain members. For any member who is first employed by a participating employer on or after July 1, 2009, and who retires on or after such member's normal retirement date, or such member's retirement date pursuant to early retirement as provided pursuant to K.S.A. 74-49,206, and amendments thereto, but prior to July 1, 2012, the amount for participating service shall be equal to the total of 1.75% of the member's final average salary, and for any member who retires on or after such member's normal retirement date, or such member's retirement date pursuant to early retirement as provided pursuant to K.S.A. 74-49,206, and amendments thereto, and on and after July 1, 2012, the amount for participating service shall be equal to 1.85% of the member's final average salary, multiplied by the number of years of participating service to be used in determining such member's annual retirement benefit. Notwithstanding any law to the contrary, for any member who retired on and after July 1, 2012, but prior to the effective date of this act, such member's annual retirement benefit shall be redetermined with the amount for participating service to be used in determining such member's annual retirement benefit equal to 1.85% of the member's final average salary. Any underpayment to such member for any monthly retirement benefit as determined pursuant to this section shall be paid to such member by the system by means of a one-time redetermination benefit payment in a form and manner prescribed by the board.History: L. 2007, ch. 164, § 5; L. 2012, ch. 171, § 23; L. 2013, ch. 132, § 7; June 13.
KS Stat § 74-49,206 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-49,206 Early retirement.

74-49,206. Early retirement. (a) Any member of the system first employed on or after July 1, 2009, who retires before attaining age 65 and has attained age 55 with the completion of 10 years of credited service and less than 30 years of credited service, shall receive an annual retirement benefit as calculated in K.S.A. 74-49,205, and amendments thereto, actuarially reduced for early retirement. The reduction for early retirement shall produce a benefit which is actuarially equivalent to, and has the same present value of, the annual retirement benefit determined in K.S.A. 74-49,205, and amendments thereto, payable to such member's normal retirement at age 65. The actuarial basis for reduction of such annual retirement benefit for early retirement shall be set by the board.(b) Any member of the system first employed on or after July 1, 2009, who retires before attaining age 65 and has attained age 55 but has not yet attained age 60 with the completion of 30 years or more of credited service, shall receive an annual retirement benefit equal to the average of the normal retirement benefit at age 65 as determined in K.S.A. 74-49,205, and amendments thereto, and the early retirement benefit as determined in subsection (a).History: L. 2007, ch. 164, § 6; July 1.
KS Stat § 74-49,207 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-49,207 Security officers; normal retirement date; early retirement.

74-49,207. Security officers; normal retirement date; early retirement. (a) (1) Notwithstanding the provisions of K.S.A. 74-49,204, and amendments thereto, the normal retirement date for all security officers, as defined by subsections (1)(a) or (1)(b) of K.S.A. 74-4914a, and amendments thereto, with at least three consecutive years of service as such security officer immediately preceding the date of retirement, shall be the first day of the month coinciding with or following the attainment of age 55 with completion of 10 years of service.(2) Any such security officer may retire before such normal retirement date on the first day of any month coinciding with or following the attainment of age 50 or completion of 10 years of credited service, whichever occurs later.(b) (1) Notwithstanding the provisions of K.S.A. 74-49,204, and amendments thereto, the normal retirement date for all security officers, as defined by subsections (1)(c), (d), (e) or (f) of K.S.A. 74-4914a, and amendments thereto, with at least three consecutive years of service as such security officer immediately preceding the date of retirement, shall be the first day of the month coinciding with or following the attainment of age 60 with completion of 10 years of service.(2) Any such security officer may retire before such normal retirement date on the first day of any month coinciding with or following the attainment of age 55 or completion of 10 years of credited service, whichever occurs later.(c) Any security officer who retires before the normal retirement date as provided pursuant to subsection (a)(2) or (b)(2), shall receive an annual retirement benefit as calculated in K.S.A. 74-49,205, and amendments thereto, actuarially reduced for early retirement. The reduction for early retirement shall produce a benefit which is actuarially equivalent to, and has the same present value of, the annual retirement benefit determined in K.S.A. 74-49,205, and amendments thereto, payable to such member's normal retirement date in accordance with the provisions of this section. The actuarial basis for reduction of such annual retirement benefit for early retirement shall be set by the board.History: L. 2007, ch. 164, § 7; L. 2008, ch. 113, § 23; July 1.
KS Stat § 74-49,208 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-49,208 Vesting of benefits.

74-49,208. Vesting of benefits. Any member who is first employed by a participating employer on or after July 1, 2009, and who has completed five years of credited service at the time of termination, shall be granted a vested retirement benefit in the system, except that at any time prior to the commencement of retirement benefit payments the member may withdraw accumulated contributions, whereupon no other benefits shall be payable for such member's prior and participating benefits. Any member who is not vested under the Kansas public employees retirement system pursuant to the provisions of K.S.A. 74-4901 et seq., and amendments thereto, and completed five years of credited service and remains employed by the same participating employer without termination in a non-covered position shall be granted a vested benefit in the system.History: L. 2007, ch. 164, § 8; L. 2008, ch. 113, § 24; July 1.
KS Stat § 74-49,209 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-49,209 Retirement benefit options, election by member or spouse; determination of benefit.

74-49,209. Retirement benefit options, election by member or spouse; determination of benefit. Any member who is first employed by a participating employer on or after July 1, 2009, may elect to have such member's retirement benefit paid under one of the options provided in K.S.A. 74-4918, and amendments thereto, in lieu of having it paid in the form stated in K.S.A. 74-49,205 and K.S.A. 74-4915, and amendments thereto, except that any such member or such member's spouse that elects to be paid a lump sum amount to be paid to the member upon retirement as provided pursuant to K.S.A. 74-4918, and amendments thereto, shall be paid in 10% increments and shall not exceed 30% of the actuarial present value of the benefit provided in K.S.A. 74-49,205 and K.S.A. 74-4915, and amendments thereto; and for any such member who elects any joint and survivor options provided in K.S.A. 74-4918, and amendments thereto, such member shall have such member's annual retirement benefit determined and then reduced by an amount recommended by the actuary employed by the system and approved by the board.History: L. 2007, ch. 164, § 9; July 1.
KS Stat § 74-49,210 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-49,210 Member contributions.

74-49,210. Member contributions. (a) Each participating employer who was a participating employer under the provisions of K.S.A. 74-4901 et seq., and amendments thereto, before July 1, 2009, beginning with the first payroll for services performed by an employee first employed on or after July 1, 2009, shall deduct from the compensation of each member 6% of such member's compensation as employee contributions.(b) Each participating employer who affiliates for any purpose on or after July 1, 2009, beginning with the first payroll for services performed by an employee first employed on or after July 1, 2009, shall deduct from the compensation of each member 6% of such member's compensation as employee contributions.History: L. 2007, ch. 164, § 10; July 1.
KS Stat § 74-49,211 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-49,211 Employer contributions.

74-49,211. Employer contributions. The rate of contribution for participating employers who were participating employers under the provisions of K.S.A. 74-4901 et seq., and amendments thereto, on July 1, 2009, and for participating employers who affiliate for any purpose on or after July 1, 2009, shall be as provided pursuant to K.S.A. 74-4920, and amendments thereto, except that such rate of contribution for any such participating employers shall not be less than the rate of contribution the employees of such participating employers as provided in K.S.A. 74-49,209 and K.S.A. 74-4920, and amendments thereto.History: L. 2007, ch. 164, § 11; July 1.
KS Stat § 74-49,212 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-49,212 Adjustment of employee rate of contribution; circumstances.

74-49,212. Adjustment of employee rate of contribution; circumstances. (a) For any year in which: (1) The rate of contribution certified to the state of Kansas and to participating employers under K.S.A. 74-4931, and amendments thereto, for the immediately preceding fiscal year, as calculated in accordance with subsection (1)(a) of K.S.A. 74-4920 and subsection (5)(b)(ii) of 74-4920, and amendments thereto, equals the actuarially-determined rate of contribution required from the state of Kansas and from participating employers under K.S.A. 74-4931, and amendments thereto; and (2) the board of trustees upon the basis of the annual actuarial valuation as provided for in subsection (3)(a) of K.S.A. 74-4908, and amendments thereto, recommend an increase in the actuarially-determined estimate of the rate of the contribution which will be required, together with all accumulated contributions and other assets of the system, to pay the liabilities which shall exist or accrue under the system, the legislature reserves the right to adjust the employee rate of contribution prescribed in K.S.A. 74-49,210, and amendments thereto, to allow participating employers and employees to share equally any additional contribution rate actuarially required to fund the system subject to the provisions of K.S.A. 74-49,211, and amendments thereto.(b) For any year in which: (1) The rate of contribution certified to participating employers other than the state of Kansas for the immediately preceding fiscal year, as calculated in accordance with subsection (1)(a) of K.S.A. 74-4920, subsection (1)(b)(ii) of 74-4920 and subsection (5)(b)(iv) of 74-4920, and amendments thereto, equals the actuarially-determined rate of contribution required from participating employers other than the state of Kansas; and (2) the board of trustees upon the basis of the annual actuarial valuation as provided for in subsection (3)(a) of K.S.A. 74-4908, and amendments thereto, recommend an increase in the actuarially-determined estimate of the rate of contribution which will be required, together with all accumulated contributions and other assets of the system, to pay the liabilities which shall exist or accrue under the system, the legislature reserves the right to adjust the employee rate of contribution prescribed in K.S.A. 74-49,210, and amendments thereto, to allow participating employers and employees to share equally any additional contribution rate actuarially required to fund the system subject to the provisions of K.S.A. 74-49,211, and amendments thereto.History: L. 2007, ch. 164, § 12; July 1.
KS Stat § 74-49,303 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-49,303 Establishment of plan; assets held in trust; retirement annuity account and annuity savings account.

74-49,303. Establishment of plan; assets held in trust; retirement annuity account and annuity savings account. (a) The board shall establish within the Kansas public employees retirement system a plan in accordance with the provisions of this act. Such plan shall be established as part of the pension plan pursuant to the provisions of K.S.A. 74-4920, and amendments thereto, for the exclusive benefit of members and such member's beneficiaries and as a qualified governmental plan pursuant to sections 401(a) and 414(d) of the federal internal revenue code and its implementing regulations. Such plan is established in addition to any retirement, pension, deferred compensation or other benefit plan currently administered by the state or a political subdivision. Assets of the plan shall be held in the trust for the Kansas public employees retirement system.(b) The board shall establish for each member under this plan a retirement annuity account, which shall be credited with employer credits and interest credits on those employer credits as determined by the board under K.S.A. 74-49,308, and amendments thereto. The retirement annuity account shall be used to determine a lump-sum distribution or an annuity for a vested member upon retirement as provided in K.S.A. 74-49,313, and amendments thereto.(c) The board shall establish an annuity savings account for each member, which shall be credited with employee contributions and interest credits under K.S.A. 74-49,306, and amendments thereto. For a vested member under K.S.A. 74-49,312, and amendments thereto, the annuity savings account shall be used to fund the lump-sum or annuity benefits upon retirement as provided in K.S.A. 74-49,311, and amendments thereto.History: L. 2012, ch. 171, § 3; July 1.
KS Stat § 74-49,304 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-49,304 Powers and duties of board.

74-49,304. Powers and duties of board. The board has the powers and shall perform the duties regarding the plan established under this act as provided in K.S.A. 74-4909, and amendments thereto, as applicable. The board may also exercise the powers and shall perform the duties provided in this act.History: L. 2012, ch. 171, § 4; July 1.
KS Stat § 74-49,305 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-49,305 Member contributions.

74-49,305. Member contributions. (a) An active member shall contribute 6% of compensation to such member's annuity savings account. Such contributions shall be picked up by the employer via a salary reduction as provided in section 414(h)(2) of the federal internal revenue code. An employer may not pick up these contributions without a corresponding salary reduction as provided in section 414(h)(2) of the federal internal revenue code.(b) A member may not make voluntary contributions to the plan.History: L. 2012, ch. 171, § 5; July 1.
KS Stat § 74-49,307 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-49,307 Employer credits; change; employer contributions to death and disability fund.

74-49,307. Employer credits; change; employer contributions to death and disability fund. (a) On a quarterly basis, a percentage of compensation shall be credited to each member's retirement annuity account, as follows:(1) Three percent of compensation for each member who has less than five years of service;(2) four percent of compensation for each member who has at least five but less than 12 years of service;(3) five percent of compensation for each member who has at least 12 but less than 24 years of service; and(4) six percent of compensation for each member who has 24 or more years of service.(b) An active member's employer shall contribute a percentage of compensation, determined by the board, which must be allocated to the death and long-term disability plan under K.S.A. 74-4927, and amendments thereto.(c) The legislature may from time to time prospectively change employer credits provided in this section, and expressly reserves the right to do so.History: L. 2012, ch. 171, § 7; July 1.
KS Stat § 74-49,309 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-49,309 Forfeiture of certain credits upon termination of plan membership in certain circumstances.

74-49,309. Forfeiture of certain credits upon termination of plan membership in certain circumstances. If the member's retirement annuity account is not vested upon the member's termination of plan membership, as provided in K.S.A. 74-49,312, and amendments thereto, the member's service credit, employer credits and interest credits are forfeited as provided in K.S.A. 74-49,312, and amendments thereto. If the member's retirement annuity account is vested upon the member's termination of plan membership, as provided in K.S.A. 74-49,312, and amendments thereto, but the member dies prior to attaining normal retirement age without a spouse eligible for the retirement annuity account under K.S.A. 74-49,313, and amendments thereto, the employer credits and interest credits are forfeited. Forfeitures may not be used to increase a member's account.History: L. 2012, ch. 171, § 9; July 1.
KS Stat § 74-49,310 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-49,310 Distribution of nonvested member's annuity savings account upon termination of service or death; payout options.

74-49,310. Distribution of nonvested member's annuity savings account upon termination of service or death; payout options. (a) Any time after termination of service or death, a member who is not vested or the beneficiary of such a member may terminate plan membership by filing a written application with the board and taking a distribution of the member's annuity savings account from the plan 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 by official action may specify minimum account balances for purposes of allowing benefit payment options and rollovers in accordance with federal law.History: L. 2012, ch. 171, § 10; July 1.
KS Stat § 74-49,311 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-49,311 Distribution of eligible vested member's annuity savings account; annuity and lump-sum options; benefit for spouse of member who dies before normal retirement date.

74-49,311. Distribution of eligible vested member's annuity savings account; annuity and lump-sum options; benefit for spouse of member who dies before normal retirement date. (a) A member who is eligible for a benefit under subsection (a) or (b) of K.S.A. 74-49,313, and amendments thereto, shall be entitled to a distribution of such member's annuity savings account. Such distribution shall be made using mortality rates and interest rates as provided in subsection (a) of K.S.A. 74-49,313, and amendments thereto, and may be made in any of the annuity options described in subsection (c) of K.S.A. 74-49,313, and amendments thereto. In lieu of an annuity, a member entitled to a benefit under subsection (a) of K.S.A. 74-49,313, and amendments thereto, may elect to receive a lump-sum of such member's annuity savings account of any fixed dollar amount or percent, but in no event may the lump-sum option elected under this section and the lump-sum option elected under subsection (c) of K.S.A. 74-49,313, and amendments thereto, exceed 30% of the total value of such member's annuity savings account and retirement annuity account.(b) A member who is not eligible for a benefit under subsection (a) or (b) of K.S.A. 74-49,313, and amendments thereto, but who terminates employment in any covered position under the system, may elect to take a distribution of such member's entire annuity savings account balance, but the member shall then forfeit the entire balance in the member's retirement annuity account.(c) In the case of an active or inactive member:(1) Who is vested in the member's annuity savings account;(2) who has five or more years of service at death; and(3) who dies before attaining normal retirement age, with such member's spouse at time of death designated as such member's sole primary beneficiary, the member's surviving spouse on and after the date the member would have attained normal retirement age had such member not died, shall receive an annuity based upon such member's contributions and interest credits in the annuity savings account, using factors established by the board by official action as of the beneficiary's annuity start date. The form of benefit shall be a single life annuity with 10-year certain.History: L. 2012, ch. 171, § 11; July 1.
KS Stat § 74-49,312 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-49,312 Vesting; nonforfeitability; restoration of service and credits of certain members who return to active service.

74-49,312. Vesting; nonforfeitability; restoration of service and credits of certain members who return to active service. (a) A member is vested, but subject to forfeiture, in the member's retirement annuity account upon completion of five years of service. A member's benefit is nonforfeitable upon the attainment of normal retirement age and the completion of at least five years of service, whichever is later.(b) If a member who is not vested in the member's retirement annuity account at termination of employment, has not withdrawn such member's annuity savings account and returns to active employment and membership in the plan within five years of such member's termination, such member's prior years of service, employer credits and interest credits shall be restored upon such return to employment and membership.History: L. 2012, ch. 171, § 12; July 1.
KS Stat § 74-49,314 (2021)
2021 Kansas Statutes|Chapter 74 - State Boards, Commissions And Authorities|Article 49 - Public Employees Retirement Systems|74-49,314 Application of federal internal revenue code to benefit payments.

74-49,314. Application of federal internal revenue code to benefit payments. All benefit payments under the plan established pursuant to this act are subject to the requirements imposed under federal internal revenue code 401(a)(9).History: L. 2012, ch. 171, § 14; July 1.