Kansas Statutes 74-4986j. Same; employer contributions
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Terms Used In Kansas Statutes 74-4986j
- 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
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- system: means the Kansas public employees retirement system. See Kansas Statutes 74-49,302
The division of the budget and the governor shall include in the budget and in the budget request for appropriations for personnel services the amount required to satisfy the employer’s obligation under this act as certified by the board of trustees of the system, and shall present the same to the legislature for allowance and appropriation.