Kansas Statutes 74-4927g. Insured death and disability benefit and accidental death benefit for certain employees of educational institutions under state board of regents fulfilling service requirement; employer contributions
Terms Used In Kansas Statutes 74-4927g
- 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
(1) For the purposes of providing the “insured death benefit” and “long-term disability benefit” as prescribed in Kan. Stat. Ann. § 74-4927, and amendments thereto, and for the purposes of providing the “accidental death benefit” as prescribed in subsection (2) of Kan. Stat. Ann. § 74-4916, and amendments thereto, to all employees employed by the state board of regents or by educational institutions under the state board of regents who are fulfilling the service requirement under subsection (a) of Kan. Stat. Ann. § 74-4925, and amendments thereto, on and after the first day of the first payroll period of the fiscal year ending June 30, 1985, the term “member” as used in subsection (2) of Kan. Stat. Ann. § 74-4916, and amendments thereto, and Kan. Stat. Ann. § 74-4927a, and amendments thereto, and 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 each payroll period an amount sufficient to pay the amount of the employer’s contribution attributable to the accidental death benefit as prescribed in subsection (2) of Kan. Stat. Ann. § 74-4916, and amendments thereto, and 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.