SB 0333 Modifies the Kansas City Public School Retirement System
LR Number:1218S.01I Fiscal Note:1218-01
Committee:Pensions and General Laws
Last Action:02/28/01 - Voted Do Pass S Pensions & General Laws Committee Journal page:
Effective Date:August 28, 2001
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Current Bill Summary

SB 333 - This act pertains to the Kansas City Public School Retirement System (KCPSRS). The act expands the law to include charter schools in KCPSRS and makes provisions for KCPSRS to continue if the district lapses. This portion of the act is similar to SB 975 (2000).

CHARTER SCHOOLS - Charter schools are considered public schools and charter school employees are public school employees. Independent contractors are not considered employees. Charter school employees shall continue to be public school employees and participate in a public school retirement system if the district lapses due to unaccreditation.

Purchase of credit for prior service is allowed for charter school employees.

Retired employees may not work for either a charter school or the district, except for part-time work provided in this section.

PROVISIONS FOR LAPSE OF DISTRICT - KCPSRS shall continue to be subject to existing KCPSRS law, even if the district lapses.

KCPSRS shall continue to be governed by a Board of Trustees established under this section, even if the district lapses. If the district lapses, a majority of trustees then in office shall constitute a quorum, and any action of the Board shall require the vote of a majority of trustees then in office. If the district lapses, KCPSRS shall not be transferred to or merged with another system without prior approval of such action by the KCPSRS Board of Trustees.

INACTIVE EMPLOYEES - The act provides that an inactive employee who returns to work shall receive a separate retirement allowance based upon each period of service ending in a break in service, unless the employee work at least four years after returning, in which case retirement allowance shall be based upon all creditable service and the final salary and benefit formula in effect at the end of the reemployment.