This 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. Judges currently receiving benefits or those who retire on or after this date can elect their preferred payment frequency after their first month's benefit payment, with a default to monthly payments if no election is made. The bill also outlines provisions for judges who become permanently disabled, detailing how their annuity will be calculated based on their final average salary and years of service.

In addition to introducing the new payment frequency options, the bill repeals certain existing statutes, specifically K.S.A. 20-2609, 20-2610, 74-4915, and 74-4962, and clarifies the calculation of retirement benefits, including adjustments for long-term disability. It mandates that actuarial assumptions used in determining benefits must be clearly defined by the board, removing any discretion from employers. The act will take effect upon its publication in the statute book, aiming to modernize the retirement system and enhance flexibility for judges and public employees in Kansas.

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