Kansas § 74-49,310 Distribution of nonvested member's annuity savings account upon termination of service or death; payout options

Kansas Statutes

§ 74-49,310 — Distribution of nonvested member's annuity savings account upon termination of service or death; payout options

Kansas § 74-49,310

Ch. 74STATE BOARDS, COMMISSIONS AND AUTHORITIES

Art. 49PUBLIC EMPLOYEES RETIREMENT SYSTEM

This text of Kansas § 74-49,310 (Distribution of nonvested member's annuity savings account upon termination of service or death; payout options) is published on Counsel Stack Legal Research, covering Kansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Kan. Stat. Ann. § 74-49,310 (2026).

Text

(a)Any time after termination of service or death, a member who is not vested or the beneficiary of such a member may terminate plan membership by filing a written application with the board and taking a distribution of the member's annuity savings account from the plan through any combination of the following payout options, each of which is subject to the applicable provisions of the federal internal revenue code and the applicable regulations of the internal revenue service:

(1)A direct rollover to an eligible retirement plan; or

(2)a lump-sum distribution.

(b)The board by official action may specify minimum account balances for purposes of allowing benefit payment options and rollovers in accordance with federal law.

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(a) Any time after termination of service or death, a member who is not vested or the beneficiary of such a member may terminate plan membership by filing a written application with the board and taking a distribution of the member's annuity savings account from the plan through any combination of the following payout options, each of which is subject to the applicable provisions of the federal internal revenue code and the applicable regulations of the internal revenue service:
(1) A direct rollover to an eligible retirement plan; or
(2) a lump-sum distribution.
(b) The board by official action may specify minimum account balances for purposes of allowing benefit payment options and rollovers in accordance with federal law.