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Garden City Telegram in Garden City, Kansas

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Newspaper

Garden City Telegram

Location

Garden City, Kansas, United States of America

Date

Apr 21, 2011

Page

5

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.

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.

KPERS

Also Mentioned on This Page

Jesus Garden City Church of the Brethren Salvation Army Church of the Brethren Trinity Lutheran Church Dennis FitzPatrick Leland Jackson Cynthia Laurenz Hewen Tammy Lampe Mosaic Ali We.ine Maller Payment Golden Plain, Credit Union E. Kansas Ave Gpen.org Otter NCUA
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