New Rules for Working After Retirement
Legislation will change "working after retirement" rules for KPERS members and employers (not KP&F or Judges) beginning July 1, 2016.
- A high-level summary: Flowchart, New Working After Retirement Rules revised 6/26/15 (PDF, 120KB)
- Working After Retirement for State and Local Members (Updated 1/28/16, PDF 95KB)
- Working After Retirement for School Members (Updated 1/28/16, PDF 113KB)
House Sub for SB 161 provides for the delay of about $100 million in State and School employer contributions to KPERS for this fiscal year. House Sub for SB 249 provides that the funds will be repaid in full by June 30, 2018. The State will pay 8% interest to KPERS on the unpaid balance.
The delayed payment to KPERS will not affect retiree benefit payments. Retirees will continue to receive their regular monthly benefits on time and in full.
New Final Average Salary Legislation
Two new bills relating to KPERS final average salary have been introduced in the House of Representatives (HB 2724 and HB 2725). HB 2725 also deals with limiting vacation leave accumulation for KPERS members.
We are still analyzing the bills and will have more information as soon as possible.
Things to know
- Legislation does not include KP&F or Judges.
- Legislation had a hearing March 11 with the House Appropriations Committee. KPERS testimony (PDF 719KB)
- Bills have been introduced, but they are still in the legislative process. Nothing has been passed.
- You can follow legislation using KPERS legislation tracker.
This site contains certain limited statistical and financial data relating to activities KPERS of the State of Kansas and has not been prepared or maintained as a source of investor information and should not be relied upon for investment purposes. Investor information regarding State bonds is available at www.emma.msrb.org.