(a) 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 of providing the “accidental death benefit” as prescribed in subsection (2) of Kan. Stat. Ann. § 74-4916, and amendments thereto, to all members of the legislature who have failed to file the election to become a member of the retirement system pursuant to Kan. Stat. Ann. § 74-4911, and amendments thereto, and who have filed an election to be covered pursuant to the provisions of Kan. Stat. Ann. §§ 74-4916 and 74-4927, and amendments thereto, as provided in this subsection, the term “member” as used in Kan. Stat. Ann. § 74-4927, and amendments thereto and subsection (2) of Kan. Stat. Ann. § 74-4916, and amendments thereto and as used in this section shall include such members of the legislature. Such election as provided in this subsection shall be filed with the system within 90 days of the effective date of this act or within 90 days after taking the oath of office. If a member of the legislature fails to file such election as provided in this subsection, it shall be presumed such member of the legislature has elected to not be covered pursuant to the provisions of Kan. Stat. Ann. §§ 74-4916 and 74-4927, and amendments thereto.

(b) The division of legislative administrative services shall pay to the Kansas public employees retirement system in such manner as the board of trustees shall prescribe, 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.

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Terms Used In Kansas Statutes 74-4927l

  • 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

  • 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
  • system: means the Kansas public employees retirement system. See Kansas Statutes 74-49,302

(c) The division of legislative administrative services 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 of the Kansas public employees retirement system.