KS HB2129

Teachers first employed by a participating school employer on or after July 1, 2025 will be enrolled in the KPERS 2 defined benefit plan (2009 act) instead of the KPERS 3 cash balance plan (2015 act)

All active and inactive teacher members currently in KPERS 3 will be transferred to KPERS 2 on January 1, 2026, with all prior contributions, service credit, and employer contributions transferred

Transferred teachers are guaranteed benefits not less than what they were entitled to under KPERS 3 at the time of transfer, while gaining all rights and benefits of KPERS 2 for future service

"Teacher" is defined as professional employees required to hold a teaching certificate in school districts and instructors at technical colleges or community colleges

The bill follows a February 2024 Legislative Post Audit report reviewing the KPERS 3 retirement plan, with the legislature noting additional employee groups may be transferred in the future