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KS SB500
Bill
Status
2/9/2026
Primary Sponsor
Ways and Means
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AI Summary
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Creates a 13-member Kansas Public Employees Retirement System Cost-of-Living Adjustment Commission with appointments from the governor, legislative leaders, and the KPERS board of trustees, plus two nonvoting ex officio members (KPERS executive director and state treasurer)
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Commission must conduct a comprehensive study of retirement benefits including at least one day of public hearings, then recommend a cost-of-living adjustment rate for retirants to the legislature by December 1, 2026
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Recommended COLA rate takes effect for a four-year period beginning January 1, 2028, and becomes law unless the legislature passes different legislation within 30 days of the next session
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New commission members appointed every four years (2029 and thereafter) to set COLA rates for subsequent four-year periods
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Covers retirees, joint annuitants, beneficiaries, and disability benefit recipients across KPERS, Kansas Police and Firemen's Retirement System, state school retirement system, and retirement system for judges
Legislative Description
Creating the Kansas public employees retirement system cost-of-living adjustment commission, prescribing powers and duties of the commission and establishing procedures of the legislature relating to the annual cost-of-living adjustment rate recommended by the commission.
Last Action
Senate Withdrawn from Committee on Ways and Means; Referred to Committee on Financial Institutions and Insurance
2/10/2026