This bill amends the Kansas public employees retirement system by redefining the classification of teachers for retirement purposes and transferring them from the Kansas public employees retirement system act of 2015 to the act of 2009. Specifically, it establishes that any teacher first employed by a participating employer on or after July 1, 2025, will be a member of the 2009 system. Additionally, all active and inactive teacher members currently enrolled in the 2015 system will have their memberships transferred to the 2009 system on January 1, 2026. The bill ensures that all contributions and service credits prior to this transfer will be honored under the 2009 provisions, and teachers will retain their rights and benefits.

The bill also includes amendments to K.S.A. 74-49,301, notably deleting the term "non-vested" from certain provisions, which clarifies the status of employees in relation to their membership in the retirement system. Furthermore, it outlines that the board of trustees will manage the transfer process and ensure compliance with federal requirements. The act will take effect upon publication in the statute book, and the existing section of K.S.A. 74-49,301 is repealed.

Statutes affected:
As introduced: 74-49, 74-4901