This bill amends the Kansas public employees retirement system to provide a post-retirement cost-of-living adjustment for certain retirees aged 85 and older. Specifically, it stipulates that starting from July 1, 2025, retirement benefits, pensions, or annuity payments for eligible retirees will be increased by $150 per month. This adjustment applies to those who are 85 years of age or older on that date and who are entitled to receive retirement benefits from the system.

The bill defines "retirant" as any member or special member of the retirement system who meets the age requirement, as well as joint annuitants or beneficiaries of such members. It also clarifies that the term "retirement system" encompasses various retirement systems, including those for public employees, police and firemen, state school employees, and judges. The provisions of this act are intended to supplement existing laws related to the retirement system.