Joint Annunitant

Someone you choose to receive a continuing monthly benefit after your death. This is an optional benefit.


Date You Plan to Retire

KPERS, Correctional, and KP&F

Your retirement date must be the first day of a month. Benefit payments begin at the end of the month after your retirement date.

Judges

Your retirement date can be any day of a month. Benefit payments begin at the end of the month after your retirement date.

All judges must retire at the end of the term in which they reach age 75.


Years of Service

KPERS and Correctional

Participating Service (Years @ 1.75% Multiplier)

  • Participating service credit -- service performed as an active member in a KPERS-covered position
  • Purchased service credit -- most service credit purchased after July 1996

Credited Prior Service (Years @ 1% Multiplier)

  • School service before 1971 that has not been withdrawn. This service was transferred to KPERS
    on January 1, 1971, and was added to member’s record as credited prior service at 1 percent
    of a member’s final average salary.
  • Non-school service credit member had with an employer immediately before the employer affiliated with KPERS.
    This service is calculated at 1 percent of a member’s final average salary.
  • In-state or out-of-state non-federal public service purchased after July 1, 1996, and calculated
    at 1 percent of a member’s final average salary.

Non-Credited Prior Service (Years @ 0.75% Multiplier)

  • Service with schools only. School service before January 1, 1971, that was forfeited when the member left the school and withdrew his or her contributions. This service can be granted when the member has 9.5 years (38 quarters) of participating service credit. The service is calculated at 0.75 percent of a member’s final average salary at retirement.

KP&F

Years @ 2.5% multiplier

  • Participating service credit -- service performed as an active member in a KP&F-covered position.
  • Purchased service credit -- includes forfeited KP&F service and military service.

After 36 years of credited service, you will receive the maximum retirement benefit (90 percent of final average salary).

Please note: Military service does not count toward your eligibility to retire, but does increase your benefit. KPERS service can count toward retirement eligibility, but you will have a separate benefit calculated with the KPERS retirement formula. Estimate your benefit for any KPERS service using the KPERS benefit calculator.

Judges

Years @ 5% Multiplier

(If your membership date is before July 1, 1987)
A 5 percent statutory multiplier is used for up to ten years of service credit to calculate your retirement benefit.
Additional service over ten years is calculated at 3.5 percent. The maximum monthly benefit is 70 percent of your
final average salary. Generally, you will receive the maximum retirement benefit with 16 years of service credit.

Years @ 3.5% Multiplier

(If your membership date is on or after July 1, 1987)
A 3.5 percent statutory multiplier is used to calculate your retirement benefit. The maximum retirement benefit
is 70 percent of your final average salary. Generally, you will receive the maximum retirement benefit with 20 years
of service credit.


Final Average Salary

KPERS 1

If your membership date is on or after July 1, 1993, your final average salary is:

  • An average of your three highest years of salary, excluding additional compensation.*

If your membership date is before July 1, 1993, or you were in your "year of service" waiting for membership
on July 1, 1993, your final average salary is either:

  • An average of your four highest years of salary, including additional compensation,* or
  • An average of your three highest years of salary, excluding additional compensation.*

KPERS will use the highest salary average.

*Additional Compensation or "add-on pay" is compensation from your employer for unused sick leave, annual leave, etc. If add-on pay is included in your final average salary, it is spread over all the days that you worked in the calendar year you retired. It is not credited only to the quarter in which you were paid for it.

KPERS 2

Your final average salary is an average of your five highest years of salary, excluding additional compensation, such as payments for unused sick and annual leave.

Final Average Salary Cap

If your salary increases substantially from year to year, a cap on compensation may be used to calculate your final average salary. Generally, the cap applies when your salary changes and your position does not. For Tier 1, the cap
is 15 percent. For Tier 2, the cap is 7.5 percent.

Note: For your current final average salary, see your last annual statement or contact the Retirement System.

KP&F

If your membership date was on or after July 1, 1993, your final average salary is an average of the three highest of your last five years of service, excluding additional compensation*, such as unused sick and annual leave.

If your membership date was before July 1, 1993, your final average salary is an average of the three highest of your last five years of service, including additional compensation*, such as unused sick and annual leave.

*Additional Compensation or "add-on pay" is compensation from your employer for unused sick leave, annual leave, etc. KP&F cannot use an early retirement incentive or severance pay as part of add-on pay when calculating your final average salary. When add-on pay is included in your final average salary, it is only included in the year before your retirement date.

Note: For your current final average salary, see your last annual statement or contact the Retirement System.

Judges

Your final average salary is an average of any three of your last ten years of service. For your current final average salary, see your last annual statement or contact the Retirement System.


Years @ 1 Percent Using Salary at Time of Purchase

Before July 1, 1996, if a member purchased "out-of-state" non-federal public service, the service was purchased using the member’s current annual rate of salary at that time. The benefit for the purchased service is calculated using the annual rate of salary at time of purchase rather than the member’s final average salary at retirement.


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