Kansas Statutes 74-49,103. Prior and participating service credit, prior service salary and account interest for members under K.S.A. 74-4999
Each person who is a member of the Kansas public employees retirement system pursuant to subsection (b) of Kan. Stat. Ann. § 74-4999 shall:
(a) Receive prior service credit thereunder for all service credited prior to January 1, 1962, under the provisions of Kan. Stat. Ann. §§ 20-2701 to 20-2713, inclusive, as the same existed prior to the effective date of this act;
Terms Used In Kansas Statutes 74-49,103
- 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
- compensation: means the same as such term is defined in Kan. See Kansas Statutes 74-49,202
- 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
- Reporter: Makes a record of court proceedings and prepares a transcript, and also publishes the court's opinions or decisions (in the courts of appeals).
- 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
- salary: means the same as such term is defined in Kan. See Kansas Statutes 74-49,202
(b) receive participating service credit thereunder for all service credited on and after January 1, 1962, under the provisions of Kan. Stat. Ann. §§ 20-2701 to 20-2713, inclusive, as the same existed prior to the effective date of this act;
(c) have a prior service salary thereunder which is the greater of either the amount which is provided for in Kan. Stat. Ann. § 74-4902(27) or the compensation paid for the last full year of service as an official court reporter prior to January 1, 1962; and
(d) have interest first credited to their individual accounts in the Kansas public employees retirement fund on July 1, 1976.