The bill amends various sections of the Kansas Public Employees Retirement System (KPERS) to enhance clarity and compliance with federal regulations. Key changes include the clarification of definitions related to retirement benefits, such as "accumulated contributions," "beneficiary," and "compensation." The bill also introduces new provisions regarding the handling of trust designations, specifying that if a trust is not filed or a trustee does not qualify within six months of a member's death, benefits will be distributed according to existing provisions for cases without a living beneficiary. Additionally, the definition of "salary" is refined to encompass all forms of compensation while excluding certain reimbursements.

Moreover, the bill extends the timeframe for aggrieved parties to request a hearing on board decisions from 30 to 60 days and updates definitions to ensure compliance with the federal internal revenue code. It specifies how compensation is calculated, particularly concerning elective amounts and employee contributions, and addresses the treatment of employees in qualified military service. The amendments aim to streamline the legal language, align state retirement laws with federal requirements, and improve the overall functionality of the KPERS framework. Certain outdated sections of existing law are repealed to facilitate these updates.

Statutes affected:
As introduced: 74-4902, 74-4904, 74-49
As Amended by House Committee: 74-4902, 74-4904, 74-49
Enrolled: 74-4902, 74-4904, 74-49