New Rules for Working After Retirement
Legislation will change "working after retirement" rules for KPERS members and employers (not KP&F or Judges) beginning July 1, 2016.
- A high-level summary: Flowchart, New Working After Retirement Rules revised 5/13/16 (PDF, 111KB)
- Working After Retirement for State and Local Members - revised 5/18/16 (PDF, 144KB)
- Working After Retirement for School Members - revised 5/18/16 (PDF, 150KB)
House Sub for SB 161 provides for the delay of about $100 million in State and School employer contributions to KPERS for this fiscal year. House Sub for SB 249 provides that the funds will be repaid in full by June 30, 2018. The State will pay 8% interest to KPERS on the unpaid balance.
The delayed payment to KPERS will not affect retiree benefit payments. Retirees will continue to receive their regular monthly benefits on time and in full.
2016 KPERS Legislation
Several KPERS issues were rolled into one bill, House Sub for SB 168. The bill made changes to working after retirement, logistical improvements for the KPERS 457 plan and technical clean-up for the defined benefit plan. Brief legislative summary (PDF, 87KB)
The Legislature did not pass anything related to final average salary in the 2016 session. There were no changes in this area.
This site contains certain limited statistical and financial data relating to activities KPERS of the State of Kansas and has not been prepared or maintained as a source of investor information and should not be relied upon for investment purposes. Investor information regarding State bonds is available at www.emma.msrb.org.