Establishing a KPERS working after retirement exemption for retirants employed by a community developmental disability organization in a licensed professional nurse, licensed practical nurse or direct support position.
Impact
The enactment of HB2272 will revise existing statutory provisions concerning retirant employment, particularly the stipulations around waiting periods for reemployment and the conditions under which retirants can earn without forfeiting their retirement benefits. By allowing nurses and direct support professionals to work in their fields more flexibly, the bill is intended to enhance staffing capabilities within community organizations that provide essential services, hence positively influencing public health and welfare.
Summary
House Bill 2272 relates to the employment of retirants from the Kansas Public Employees Retirement System (KPERS), specifically addressing those employed in positions as licensed professional nurses, licensed practical nurses, or direct support roles with community developmental disability organizations. The bill introduces an exemption for certain retirants, allowing them to be employed without impacting their retirement benefits if they have been retired for specified periods before returning to work. It aims to alleviate staffing shortages in crucial areas of care and support while still maintaining the integrity of the KPERS retirement system.
Contention
Despite the potential benefits, there may be points of contention regarding the bill. Stakeholders could debate the implications for the KPERS financial health, especially concerning long-term sustainability if more retirants return to the workforce without contributing to the retirement fund during their employment. Lawmakers might also discuss the balance between supporting health services and ensuring that benefits for all members of the retirement system remain secure.
Enacting the countries of concern divestment act, increasing the statutory alternative investment percentage limitation for the KPERS trust fund, increasing the amount of KPERS retirant compensation subject to the statutory employer contribution rate to the first $40,000 earned in a calendar year, providing a KPERS working after retirement exemption for retirants employed by a community developmental disability organization or a community service provider in a licensed professional nurse, licensed practical nurse or direct support position and increasing the working after retirement earnings limit for members of the Kansas police and firemen's retirement system.
Providing a KPERS working after retirement exemption from the employer contribution rate for retirants who are employed as teachers by a school district in a position for which a certificate to teach is required.
Increasing the amount of retirant compensation subject to the statutory employer contribution rate to the first $50,000 of compensation earned by a retirant in a calendar year and for a period commencing July 1, 2023, and ending December 31, 2024, requiring participating employers to pay only the statutory employer contribution rate on all compensation of a retirant employed in a covered position.
Increasing the amount of retirant compensation subject to the statutory employer contribution rate to the first $40,000 earned by a retirant in a calendar year.
Reducing the waiting period for a KPERS retirant to return to work for a participating employer during a period beginning July 1, 2024, and ending July 1, 2029.
Authorizing retirement and disability benefits under KPERS, KP&F and the retirement system for judges to be paid on either a biweekly or monthly basis at the option of a member or recipient.
Reducing the waiting period for a KPERS retirant to return to work for a participating employer during a period beginning July 1, 2024, and ending July 1, 2029.
Enacting the countries of concern divestment act, increasing the statutory alternative investment percentage limitation for the KPERS trust fund, increasing the amount of KPERS retirant compensation subject to the statutory employer contribution rate to the first $40,000 earned in a calendar year, providing a KPERS working after retirement exemption for retirants employed by a community developmental disability organization or a community service provider in a licensed professional nurse, licensed practical nurse or direct support position and increasing the working after retirement earnings limit for members of the Kansas police and firemen's retirement system.
Increasing the amount of retirant compensation subject to the statutory employer contribution rate to the first $40,000 earned by a retirant in a calendar year.
Increasing the amount of retirant compensation subject to the statutory employer contribution rate to the first $50,000 of compensation earned by a retirant in a calendar year and for a period commencing July 1, 2023, and ending December 31, 2024, requiring participating employers to pay only the statutory employer contribution rate on all compensation of a retirant employed in a covered position.
Providing a KPERS working after retirement exemption from the employer contribution rate for retirants who are employed as teachers by a school district in a position for which a certificate to teach is required.