Let us help you get off on the right foot.
KPERS isn’t just about retirement. We help protect your income while you’re still working … with disability benefits, death benefits and life insurance. Then when you’re eligible, you’ll get a monthly retirement benefit for life. It may seem like a long way off, but it’ll be here faster than you think.
There are a few things you should do now to get off on the right foot. Don't worry. Most of them are pretty easy.
If you haven't noticed already, your membership is automatic. It starts with your first paycheck.
You make pretax contributions from your pay. Your employer also contributes to help fund the System. KPERS invests the money throughout your career so there is enough to pay you a retirement benefit for life. KPERS’ investments kick in about 50% of our funding.
Your benefits depend on what type of member you are. Most new members are KPERS 3. Watch this video for a quick look at your benefits. If you're a KP&F member, you can watch your video here. Generally speaking, there are 5 groups of members.
KPERS is a prefunded system (not like Social Security). The Trust Fund is made up of contributions from members and employers, plus investment income over time. Funds are invested now to pay benefits down the road.
Most members have heard news coverage about KPERS’ long-term funding shortfall. The not-so-good news is KPERS does have a long-term funding shortfall. The great news is we’ve made progress! KPERS is on the right path and headed in the right direction.
Check out our Funding page for a high-level snapshot of KPERS' current funding status.
For a deeper dive, click here to watch a recording of our "KPERS Funding Basics" webinar. Link opens in a new window.