This bill amends the Kansas public employees retirement system to allow security officers employed by the Department of Corrections to affiliate with the Kansas police and firemen's retirement system (KP&F) starting July 1, 2025. It defines "security officer" in accordance with existing law and mandates that the Department of Corrections apply for this affiliation. Upon affiliation, the department will be responsible for making employer contributions to the retirement system, and security officers will become members of the KP&F, with their retirement benefits calculated based on their credited service with the department from the date of affiliation.
Additionally, the bill provides provisions for security officers to purchase participating service credit for their previous service in the Kansas public employees retirement system. This purchase can be made at an additional contribution rate based on the officer's age and actuarial assumptions. Officers may also opt for a lump-sum payment to cover these contributions. The bill ensures that all purchased service credit will be recredited to the KP&F system, thereby enhancing the retirement benefits for these officers.