|
SCS/SB 300 - The act provides that a member of the Police Retirement System of Kansas City or the Civilian Employees' Retirement System of the Police Department of Kansas City who after August 28, 2015, returns to employment from a leave of absence for active duty military service and who becomes entitled to reemployment rights shall be entitled to service credit for the time spent in military service only to the extent that such member pays member contributions for the time spent in military service. The total amount of service credit is limited to a maximum of five years, and the retirement board may waive the required contributions for military leave of absence for up to three years of creditable service if the member provides certain documentation. This act also provides that a nonspouse beneficiary who receives an eligible rollover distribution from either retirement system may have such distribution directly paid to an individual retirement account, an individual retirement annuity, or a Roth individual retirement account. Provisions of this act are identical to HB 629 (2015) and HB 630 (2015). JESSI BAKER
|
