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KS HB2086

Bill

Official Source

Status

Engrossed

2/25/2025

Primary Sponsor

Financial Institutions and Pensions

Click for details

Origin

House of Representatives

2025-2026 Regular Session

AI Summary

  • Increases the dividend share for KPERS 3 members' additional interest credits from 75% to 80% of investment returns above the threshold
  • Lowers the investment return threshold for calculating dividend interest credits from 6% to 5%
  • Applies to both the annuity savings account (employee contributions) and retirement annuity account (employer credits)
  • Changes take effect for calendar year 2024 and all years thereafter
  • Amends K.S.A. 74-49,306 and 74-49,308 under the Kansas Public Employees Retirement Act of 2015

Legislative Description

Adjusting the KPERS 3 dividend interest credit by lowering the dividend interest credit threshold to 5% and increasing the dividend share to 80%.

Last Action

Senate Hearing: Thursday, March 6, 2025, 9:30 AM Room 546-S

3/6/2025

Committee Referrals

Financial Institutions and Insurance2/26/2025
Financial Institutions and Pensions1/23/2025

Full Bill Text

No bill text available