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Panel seeks 25 percent bump in Kansas public worker benefits
A Kansas Public Employees Retirement Study Commission proposal would raise KPERS benefits by 25 percent and cut retirement age to 62 with 10 years of service or 85 with any mix. The plan shifts actuarial assumptions to fund the higher pay, boosting monthly benefits by about 100 dollars on top of current 400 and aims to bring total pension to about 80 percent of pre retirement income. Retirees would receive a guaranteed 4 percent cost of living adjustment or CPI cap, and the death benefit rises to 4,000.
MENTIONED IN THIS ARTICLE
Topeka
Public Employees Pension Fund
Kansas Public Employees Retirement Study Commission
Kansas Public Employees Retirement System
KPERS
Mittee
Social Security