The bill amends the Kansas public employees retirement system to provide judges and members with the option to receive their retirement and disability benefits on a biweekly or monthly basis, effective July 1, 2026. It introduces provisions that allow judges currently receiving benefits or those who retire on or after this date to elect their preferred payment frequency, with a default to monthly payments for those who do not make an election. Additionally, the bill revises the calculation of retirement annuities to ensure that judges retiring under specific conditions receive benefits based on their final average salary and years of service.

To modernize the retirement system, the bill also repeals several existing statutes, including K.S.A. 20-2609, 20-2610, 74-4915, and 74-4962, which previously governed benefit calculations and retirement conditions for judges. The changes aim to enhance flexibility in benefit payments and eliminate employer discretion in determining benefit amounts based on actuarial assumptions, as these must now be specified by the board. The act is set to take effect immediately upon publication in the statute book.

Statutes affected:
As introduced: 20-2609, 20-2610, 74-4915, 74-4962