Bill > HB2470

This bill provides membership in the Kansas Police and Firemen's Retirement System (KP&F) for certain security officers employed by the Department of Corrections. It allows these security officers to purchase participating service credit for their previous service in the Kansas Public Employees Retirement System (KPERS) for purposes of KP&F retirement benefits. The bill requires the Department of Corrections to affiliate with the KP&F system and make employer contributions, while the security officers will make employee contributions of 7.15% of their compensation. The bill also outlines the process for purchasing prior KPERS service credit and the calculation of retirement benefits based on the new KP&F membership.