Bill
Bill > HB2025
KS HB2025
Authorizing a self-funded cost-of-living adjustment retirement benefit option for certain KPERS members.
summary
Introduced
01/12/2023
01/12/2023
In Committee
01/12/2023
01/12/2023
Crossed Over
Passed
Dead
04/30/2024
04/30/2024
Introduced Session
2023-2024 Regular Session
Bill Summary
AN ACT concerning retirement and pensions; relating to the Kansas public employees retirement system; retirement benefits; authorizing a self- funded cost-of-living adjustment option; amending K.S.A. 74-4918 and repealing the existing section.
AI Summary
This bill authorizes a self-funded cost-of-living adjustment (COLA) retirement benefit option for certain members of the Kansas Public Employees Retirement System (KPERS). The bill amends an existing law to allow KPERS members to elect a reduced monthly retirement benefit that increases by a fixed percentage over time, as established by the KPERS board. This provides an alternative to the standard KPERS retirement benefit, allowing members to trade a smaller initial payment for an adjustable amount that accounts for the rising cost of living.
Committee Categories
Labor and Employment
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Joint Committee on Pensions, Investments, and Benefits
Last Action
House Died in Committee (on 04/30/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://kslegislature.org/li/b2023_24/measures/hb2025/ |
| Fiscal Note - Ficsal Note: As introduced | https://kslegislature.org/li/b2023_24/measures/documents/fisc_note_hb2025_00_0000.pdf |
| BillText | http://kslegislature.org/li/b2023_24/measures/documents/hb2025_00_0000.pdf |
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