As Amended by Senate Committee
Session of 2023
HOUSE BILL No. 2196
By Committee on Financial Institutions and Pensions
1-26
AN ACT concerning retirement and pensions; relating to the Kansas
deferred retirement option program act; expanding such program
membership to all members of the Kansas police and firemen's
retirement system; amending K.S.A. 2022 Supp. 74-4986l and 74-
4986p and repealing the existing sections.
Be it enacted by the Legislature of the State of Kansas:
Section 1. K.S.A. 2022 Supp. 74-4986l is hereby amended to read as
follows: 74-4986l. (a) As used in this act, unless otherwise provided or the
context otherwise requires:
(1) "Act" means the Kansas deferred retirement option program act;
(2) "board" means the board of trustees of the Kansas public
employees retirement system;
(3) "DROP" means the deferred retirement option program
established by K.S.A. 74-4986m, and amendments thereto;
(4) "DROP account" means the notional account to which is credited
the monthly DROP accrual;
(5) "DROP period" means the period of time that a member elects to
participate in the DROP pursuant to K.S.A. 74-4986n, and amendments
thereto;
(6) "member" means a trooper, examiner or officer of the Kansas
highway patrol or an agent of the Kansas bureau of investigation any
member of the Kansas police and firemen's retirement system who is
eligible to participate in the DROP and who elects to participate in the
DROP as provided in this act;
(7) "monthly DROP accrual" means the amount equal to the monthly
retirement benefit that would have been payable to the member had the
member terminated service and retired on the day the member elected; and
(8) "system" means the Kansas police and firemen's retirement
system.
(b) Unless specifically provided in this section or in this act, words
and phrases used in this act mean the same as provided under the
provisions of K.S.A. 74-4901 et seq. and 74-4951 et seq., and amendments
thereto.
Sec. 2. K.S.A. 2022 Supp. 74-4986p is hereby amended to read as
follows: 74-4986p. (a) A member's participation in the DROP ceases on
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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 a participating employer
of the system;
(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.
Sec. 3. K.S.A. 2022 Supp. 74-4986l and 74-4986p are hereby
repealed.
Sec. 4. This act shall take effect and be in force from and after its
publication in the statute book Kansas register.
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