Kansas Statutes 74-49,104. Special members under K.S.A. 74-4999, court reporters; normal retirement date and retirement benefit
The normal retirement date for any person who is a member of the Kansas public employees retirement system pursuant to subsection (b) of Kan. Stat. Ann. §§ 74-4999 and amendments thereto and who retires on or after July 1, 1994, shall be the first day of the month coinciding with or following the attainment of age 65 or age 62 with the completion of 10 years of credited service or the first day of the month coinciding with or following the date that the total of the number of years of credited service and the number of years of attained age of the person is equal to or more than 85. Any such person may retire before such member’s normal retirement date on the first day of any month coinciding with or following the attainment of age 55 with the completion of 10 years of credited service, upon the filing with the office of the retirement system of an application for retirement in such form and manner as the board may prescribe. Any member who retires before such member’s normal retirement date as provided in this subsection shall have such member’s retirement benefit determined as provided in subsection (2) of Kan. Stat. Ann. §§ 74-4915 and amendments thereto. Notwithstanding any provision of Kan. Stat. Ann. §§ 74-4915 and amendments thereto to the contrary, any person who is a member of the Kansas public employees retirement system pursuant to subsection (b) of Kan. Stat. Ann. §§ 74-4999 and amendments thereto and who retires on or after July 1, 1975, shall be entitled to the greater total retirement benefit of the following:
(a) The retirement benefit provided for in Kan. Stat. Ann. §§ 74-4915 and amendments thereto; or
Terms Used In Kansas Statutes 74-49,104
- Act: means the Kansas deferred retirement option program act;
(2) "board" means the board of trustees of the Kansas public employees retirement system;
(3) "DROP" means the deferred retirement option program established by Kan. See Kansas Statutes 74-4986l
- final average salary: means the average highest annual salary, as defined in Kan. See Kansas Statutes 74-49,202
- member: means any member of the Kansas police and firemen's retirement system who is eligible to participate in the DROP and who elects to participate in the DROP as provided in this act;
(7) "monthly DROP accrual" means the amount equal to the monthly retirement benefit that would have been payable to the member had the member terminated service and retired on the day the member elected; and
(8) "system" means the Kansas police and firemen's retirement system. See Kansas Statutes 74-4986l
- Month: means a calendar month, unless otherwise expressed. See Kansas Statutes 77-201
- normal retirement date: means the same as defined in subsection (23) of Kan. See Kansas Statutes 74-4932
- Retirement system: means the Kansas public employees retirement system, the Kansas police and firemen's retirement system, the state school retirement system, the Kansas highway patrol pension fund, the Kansas bureau of investigation pension fund, the Kansas retirement fund for judges, or the Kansas retirement fund for official court reporters. See Kansas Statutes 74-49,109
- system: means the Kansas public employees retirement system. See Kansas Statutes 74-49,302
(b) the retirement benefit provided for members of the retirement system for court reporters, as such phrase is defined in subsection (a) of Kan. Stat. Ann. §§ 74-4999 and amendments thereto, under the laws in effect on the date immediately preceding the effective date of this act; or
(c) The retirement benefit provided for members of the retirement system for court reporters, as such phrase is defined in subsection (a) of Kan. Stat. Ann. §§ 74-4999 and amendments thereto, under the laws in effect on the date immediately preceding July 1, 1975, except that such benefit shall be computed on the basis of final average salary, as such phrase is defined in subsection (17) of Kan. Stat. Ann. §§ 74-4902 and amendments thereto, and there shall be no reduction in such payments for any benefits which such member is receiving or is eligible to receive under the federal social security act. As used in this section and Kan. Stat. Ann. § 74-49,106 and amendments thereto, “federal social security act” includes the Kansas and federal old-age survivors and disability insurance acts.
Each person who is a member of the Kansas public employees retirement system pursuant to subsection (a) of Kan. Stat. Ann. §§ 74-4999 and amendments thereto and who retired prior to July 1, 1982, shall have such member’s retirement benefit recalculated under this section as amended by this act. If such recalculation results in an increase in such member’s retirement benefit, such increase shall accrue and be payable to such member on and after July 1, 1982.