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Terms Used In Kansas Statutes 74-4933

  • 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

  • employee: means the same as such term is defined in Kan. See Kansas Statutes 74-49,202

(1) Except as provided in this act and to the extent not inconsistent with the provisions of this act, employers who are participating employers under this act, employees of such employers and the provisions of this act shall be subject to the provisions of Kan. Stat. Ann. § 74-4901 et seq. and amendments thereto. The rights of such employees to benefits accrued to the extent funded to the date of transfer or to the amounts in such employees’ accounts, if any, are nonforfeitable.

(2) The provisions of Kan. Stat. Ann. §§ 72-5501 through 72-5534 and amendments thereto shall not apply to any person who is an employee as defined in Kan. Stat. Ann. §§ 74-4932 and amendments thereto, except as provided in this act.

(3) For purposes of this section, “act” means the provisions of Kan. Stat. Ann. § 74-4931 et seq. and amendments thereto.