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Terms Used In Kansas Statutes 74-49,317

  • 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

The provisions of Kan. Stat. Ann. § 74-49,122, 74-49,123 and 74-49,124, and amendments thereto, shall apply to this act. However, the definitions of “actuarial equivalent” or “actuarial computation” shall not apply to this act.