Bill > SB500

This bill establishes the Kansas Public Employees Retirement System Cost-of-Living Adjustment Commission, a 13-member body with representatives appointed by various legislative leaders and the board of trustees of the retirement system, along with two non-voting ex officio members, the executive director of the Kansas Public Employees Retirement System (KPERS) and the state treasurer. The commission's primary duty is to study retirement benefits and recommend an annual cost-of-living adjustment (COLA) rate for current and future KPERS retirees to the legislature. In 2026, the commission will recommend a COLA rate for the four-year period beginning January 1, 2028, which must be submitted by December 1, 2026. If the legislature passes a bill enacting this recommended rate, it becomes law; otherwise, the legislature can pass a concurrent resolution for the commission to propose a new rate, or the existing COLA will remain in effect. New commissions will be appointed every four years thereafter, with similar procedures for studying and recommending COLA rates for subsequent four-year periods. The bill also defines "retirant" to include various categories of individuals receiving retirement or disability benefits from KPERS and other specified retirement systems.

Budget and Finance, Business and Industry

Ways and Means (Senate)

https://kslegislature.gov/li/b2025_26/measures/sb500/