Kansas § 74-49a126 Participating and prior service credit for certain employees; basis for computation of prior service credit

Kansas Statutes

§ 74-49a126 — Participating and prior service credit for certain employees; basis for computation of prior service credit

Kansas·Ch. 74 STATE BOARDS, COMMISSIONS AND AUTHORITIES·Art. 49a PUBLIC EMPLOYEES RETIREMENT SYSTEMS; PRIOR SERVICE CREDIT AND SUPPLEMENTAL PROVISIONS

Notwithstanding the provisions of K.S.A. 74-4911 and 74-4913 to the contrary, an employee who became a member of the Kansas public employees retirement system on February 1, 1976, and who is employed by a participating employer on the effective date of this act, shall, upon the payment of appropriate employer and employee contributions, be entitled to receive participating service credit for employment with his or her participating employer for the period January 1, 1965, until February 1, 1976. Such employee shall also be granted a prior service credit from January 10, 1955, until December 31, 1964. The prior service benefit shall be computed by using a prior service annual salary of four thousand six hundred ninety-two dollars ($4,692).

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Notwithstanding the provisions of K.S.A. 74-4911 and 74-4913 to the contrary, an employee who became a member of the Kansas public employees retirement system on February 1, 1976, and who is employed by a participating employer on the effective date of this act, shall, upon the payment of appropriate employer and employee contributions, be entitled to receive participating service credit for employment with his or her participating employer for the period January 1, 1965, until February 1, 1976. Such employee shall also be granted a prior service credit from January 10, 1955, until December 31, 1964. The prior service benefit shall be computed by using a prior service annual salary of four thousand six hundred ninety-two dollars ($4,692).

Kansas § 74-49a126 (Participating and prior service credit for certain employees; basis for computation of prior service credit) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.