Kansas 2023-2024 Regular Session

Kansas House Bill HB2252 Latest Draft

Bill / Introduced Version Filed 02/01/2023

                            Session of 2023
HOUSE BILL No. 2252
By Committee on Financial Institutions and Pensions
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AN ACT concerning retirement and pensions; relating to the Kansas public 
employees retirement system and systems thereunder; providing a cost-
of-living adjustment for certain retirants.
Be it enacted by the Legislature of the State of Kansas:
Section 1. (a) The retirement benefit, pension or annuity payments 
accruing after June 30, 2023, to each retirant shall be increased by a cost-
of-living adjustment in an amount as provided in subsection (b). Such 
payments shall be paid by the retirement system to the retirant.
(b) (1) Except as provided in paragraph (2), each retirant who is 
entitled to receive a retirement benefit, pension or annuity payment from 
the retirement system on July 1, 2023, shall have such retirement benefit, 
pension or annuity increased in accordance with the following schedule. 
For those retirants whose date of retirement is:
(A) On or before July 1, 2018, such benefit, pension or annuity 
payment shall be increased 1% of the retirement benefit, pension or 
annuity payment in effect on July 1, 2023;
(B) on or before July 1, 2015, such benefit, pension or annuity 
payment shall be increased 2% of the retirement benefit, pension or 
annuity payment in effect on July 1, 2023;
(C) on or before July 1, 2012, such benefit, pension or annuity 
payment shall be increased 3% of the retirement benefit, pension or 
annuity payment in effect on July 1, 2023;
(D) on or before July 1, 2009, such benefit, pension or annuity 
payment shall be increased 4% of the retirement benefit, pension or 
annuity payment in effect on July 1, 2023; and
(E) on or before July 1, 2006, such benefit, pension or annuity 
payment shall be increased 5% of the retirement benefit, pension or 
annuity payment in effect on July 1, 2023.
(2) In no event shall the increase in the monthly benefit amount 
provided by this section exceed $200.
(c) As used in this section:
(1) "Insured disability benefit recipient" means any person receiving 
an insured disability benefit under K.S.A. 74-4927, and amendments 
thereto;
(2) "retirement system" means the Kansas public employees 
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retirement system, the Kansas police and firemen's retirement system, the 
state school retirement system and the retirement system for judges; and
(3) "retirant" means any:
(A) Person who is a member or special member of the retirement 
system pursuant to the provisions of K.S.A. 74-4901 et seq., and 
amendments thereto, and who retired on or before July 1, 2018;
(B) person who is a joint annuitant or beneficiary of any member 
described in subparagraph (A); and
(C) insured disability benefit recipient.
Sec. 2. This act shall take effect and be in force from and after its 
publication in the statute book.
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