Kansas Statutes 74-4915a. Retirement benefits for members ineligible due to a reduction in hours
Terms Used In Kansas Statutes 74-4915a
- 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
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201
- system: means the Kansas public employees retirement system. See Kansas Statutes 74-49,302
(a) Except as otherwise provided in subsection (b), any member of the system who becomes eligible for another retirement plan authorized under any law of this state or who becomes ineligible for the Kansas public employees retirement plan due to a reduction of hours, who: (1) Has not been granted a vested retirement benefit in the system as provided in Kan. Stat. Ann. § 74-4917, and amendments thereto; and (2) has reached the early or normal retirement dates as provided in Kan. Stat. Ann. § 74-4914, and amendments thereto, shall be eligible to receive a retirement benefit based on such member’s years of service and have interest credited annually to such member’s account from the time the member first becomes eligible under this subsection and for so long as they remain eligible under the provisions of this subsection notwithstanding the fact that such member has not been granted a vested retirement benefit as provided in Kan. Stat. Ann. § 74-4917, and amendments thereto. Receipt of such retirement benefit shall be as otherwise provided by law.
(b) If the status of such member is no longer as described in subsection (a), the vesting requirements specified by Kan. Stat. Ann. § 74-4917, and amendments thereto shall be applicable to such member.
(c) The provisions of this section shall be part of and supplemental to the provisions of Kan. Stat. Ann. § 74-4901 et seq., and amendments thereto.
(d) The provisions of this section shall be effective on and after July 1, 2000.