Kansas Statutes 74-4977. Termination of employment; conditions for prior service credit upon returning to employment
Terms Used In Kansas Statutes 74-4977
- Accumulated contributions: means the sum of all contributions by a member to the system which shall be credited to such member's account, with interest allowed thereon, plus such member's contributions transferred from the school employees savings fund of the state school retirement system;
(2) "compensation" means the same as defined in subsection (9) of Kan. See Kansas Statutes 74-4932
- 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
The provisions of Kan. Stat. Ann. §§ 74-4963 and amendments thereto relating to termination of employment shall be applicable in all respects to patrolmen becoming members of the Kansas police and firemen’s retirement system, except that a member who transfers from the Kansas highway patrol pension system and later terminates such member’s employment and withdraws such member’s accumulated contributions under the Kansas police and firemen’s retirement system and the Kansas highway patrol pension system may upon returning to covered employment receive credit for such member’s service prior to termination, subject to the provisions of Kan. Stat. Ann. § 74-49,123 and amendments thereto, by repaying such member’s accumulated contributions plus interest, as determined by the board, to the Kansas police and firemen’s retirement system and by also repaying the accumulated contributions withdrawn from the Kansas highway patrol pension system plus interest at a rate specified by the board of the Kansas highway patrol pension system.