Loading chat...
KS SB64
Bill
Status
Passed
4/10/2025
Primary Sponsor
Financial Institutions and Insurance
Click for details
AI Summary
- Extends the deadline for KPERS members to file administrative appeals from 30 days to 60 days after receiving notice of a board order or decision
- Updates required minimum distribution age thresholds to align with federal IRS code changes: age 72 for those born July 1, 1949 through December 31, 1950; age 73 for those born January 1, 1951 through December 31, 1958; and age 75 for those born on or after January 1, 1960
- Adds SIMPLE IRAs as eligible retirement plans for rollover distributions, effective January 1, 2016, provided the rollover is made after the two-year waiting period
- Corrects internal statutory references throughout the KPERS act by removing outdated subsection numbering formats and updating cross-references
- Amends K.S.A. 74-4902, 74-4904, and K.S.A. 2024 Supp. 74-49,123, with the act taking effect upon publication in the statute book
Legislative Description
Adjusting certain internal KPERS act statutory references, extending the time for filing administrative appeals and updating provisions relating to compliance with the federal internal revenue code.
Last Action
Senate Approved by Governor on Tuesday, April 8, 2025
4/10/2025
Committee Referrals
Financial Institutions and Pensions2/19/2025
Financial Institutions and Insurance1/24/2025
Full Bill Text
No bill text available