Bill > SB64

This bill makes several technical updates to the Kansas Public Employees Retirement System (KPERS) statutes, focusing on three main areas. First, it adjusts internal statutory references, correcting numbering and cross-references within existing law. Second, the bill extends the time for filing administrative appeals from 30 to 60 days, giving individuals more time to request a hearing on board decisions. Third, the bill updates provisions related to compliance with the federal internal revenue code, specifically modifying rules about retirement benefit distributions based on a member's age and birth year. These changes include clarifying the "applicable age" for required benefit distributions, which now varies depending on when a member was born, ranging from 70½ to 75 years old. The bill also adds some technical language about distribution rules for defined contribution and deferred compensation plans, ensuring that KPERS remains compliant with federal tax regulations and maintains its qualified status under the internal revenue code.

Business and Industry, Labor and Employment

Financial Institutions and Insurance (S)

https://kslegislature.gov/li/b2025_26/measures/sb64/