Adjusting the KPERS 3 dividend interest credit by lowering the dividend interest credit threshold to 5% and increasing the dividend share to 80%.
Terminating the KPERS 3 cash balance plan and transferring the members of such plan to the KPERS 2 plan.
Terminating the KPERS 3 cash balance plan and transferring the members of such plan to the KPERS 2 plan.
Provides for a hybrid plan for rank and file members. (2/3 - CA 10s29(F)) (6/30/18) (EG INCREASE APV)
Enacting the Kansas retirement investment and savings plan (KRISP) act and establishing terms, conditions, requirements, membership elections, accounts, benefits, contributions and distributions related to such plan.
Expanding the deferred retirement option program (DROP) membership to all KPERS members.
PERS; all members of will vest after 4 years of membership regardless of the date they became members.
PERS; all members of will vest after 4 years of membership regardless of the date they became members.
Enacting the Kansas thrift savings plan act and establishing terms, conditions, requirements, membership elections, accounts, benefits, contributions and distributions related to such act.
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.