This bill amends the Kansas public employees retirement system to provide a post-retirement cost-of-living adjustment specifically for retirants who are 85 years of age or older as of July 1, 2025. Under the new provisions, these eligible retirants will receive an increase of $150 per month in their retirement benefits, pensions, or annuity payments that are in effect on that date. The bill defines "retirant" to include both members of the retirement system who meet the age requirement and their joint annuitants or beneficiaries.

The adjustments will take effect after the bill is published in the statute book, and the provisions are intended to supplement existing laws governing the retirement system. This initiative aims to provide financial support to older retirees, acknowledging the need for cost-of-living adjustments as they age.