Kansas Statutes 74-4927c. Insured death and disability benefit and accidental death benefit for employees of state fulfilling one-year continuous service requirement; employer’s contribution; file of beneficiaries; commencement of coverage
Terms Used In Kansas Statutes 74-4927c
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- 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
- 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
- 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
(1) For the purposes of providing the “insured death benefit” and “insured disability benefit” as prescribed in Kan. Stat. Ann. § 74-4927, and amendments thereto, and of providing the “accidental death benefit” as prescribed in subsection (2) of Kan. Stat. Ann. § 74-4916, to all employees of the state of Kansas who are fulfilling the one-year continuous service requirement under subsection (2) of Kan. Stat. Ann. §§ 74-4911, on and after the first day of the first payroll period of the fiscal year ending June 30, 1980, the term “member” as used in Kan. Stat. Ann. § 74-4927, and amendments thereto, and subsection (2) of Kan. Stat. Ann. §§ 74-4916 and as used in this section shall include the aforementioned employees.
(2) The employer of any member shall pay to the Kansas public employees retirement system in such manner as the board of trustees shall prescribe, beginning with the first day of the first payroll period of the fiscal year ending June 30, 1980, and each payroll period thereafter, an amount sufficient to pay the employer’s contribution to the group insurance reserve as provided in subsection (4) of Kan. Stat. Ann. § 74-4927, and amendments thereto.
(3) The employer of any member shall maintain a file of the beneficiaries named by the persons covered under this section in the form and manner as prescribed by the board of trustees.
(4) In the event that a member becomes eligible for the insured disability benefit, such member shall become a member of the system at the time such member would have completed one year of continuous service under subsection (2) of Kan. Stat. Ann. §§ 74-4911 and become a member of the system had such member not become eligible for the insured disability benefit.
(5) Coverage under the plan of death and long-term disability benefits shall begin with the first day of the first payroll period of the fiscal year ending June 30, 1980, for such members and other persons as herein defined.