KPERS Pay Formula Raises Questions for Kansas Legislators
The article details how Kansas legislators accrue KPERS retirement benefits via an annualized pay calculation that combines daily rates subsistence and a non-session allowance. It notes varying employer rates, Tier 1 and Tier 2 contributions, and the high end of benefits for top posts, with lawmakers able to adjust their enrollment. It cites figures for 2010 and discusses public reaction and comparisons to other states.
MENTIONED IN THIS ARTICLE
Kansas
Mumert
Senate
House
Senate Ways and Means
House Appropriations
KPERS
Kristen Basso
Richard “Dick” Bond
Roverland Park
Basso
Mark Treaster
Prairie
Treaster
Sen
Bond
National Conference of State Legislatures
California
Chris Steineger
Akansas City
Hutchinson News
Kathy Mendenhall
Hutchinson Community College
Hutchinson National Faculty Association
Mendenhall
Jane Carter
Kansas Organization of State Employees
Mark Desetti
Kansas National Education Association
Desetti
KPERS Reform Plans Target Higher Contributions and Adjustments
A legislative note outlines raising KPERS 6 percent tier contributions to 8 percent with a zero cost of living adjustment for new Tier 2 members hired after July 1, 2013. The retirement multiplier would rise to 1.85 percent for some staff and future hires, while those hired after July 1, 2018 get 1.75 percent. A new 11 member KPERS Study Commission would study changes and propose a sustainability strategy, with talks also exploring a 401(k) style system.
MENTIONED IN THIS ARTICLE
KPERS
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