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KS HB2130
Bill
Status
1/28/2025
Primary Sponsor
Financial Institutions and Pensions
Click for details
AI Summary
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Kansas Public Employees Retirement System (KPERS) members and recipients may elect to receive retirement and disability benefits on either a biweekly or monthly basis starting July 1, 2026
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The election option applies to judges in the retirement system for judges, KPERS members, and Kansas Police and Firemen's (KP&F) retirement system members
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Elections must be made after receiving the first month's benefit payment and become effective within 60 days of the election date
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Members who do not make an election will continue receiving benefits on a monthly basis by default
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Amends K.S.A. 20-2609, 20-2610, 74-4915, and 74-4962 to implement the payment frequency option across the covered retirement systems
Legislative Description
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.
Last Action
House Hearing: Wednesday, February 5, 2025, 9:00 AM Room 582-N
2/5/2025