HB 0169 (Truly Agreed) | Retirement Options for Public School Retirement Systems |
HB 169 - This act modifies certain provisions relating to the Kansas City Public School Retirement System and general provisions applying to all Public School Retirement Systems.
With respect to the Kansas City Public School Retirement System, this act makes the following changes:
1. Removes a provision requiring rules regarding the purchase of creditable service to be consistent with section 105.270, RSMo, which contains a provision requiring a leave of absence for members of the National Guard during periods of military service;
2. Distinguishes between active and inactive members for the purposes of determining payments to a beneficiary under the full-payment option and specifies that a dependent child must be 19 or younger to receive payments (not a lifetime payment); and
3. Modifies the provisions regarding employee accumulated contributions with regard to the member's status as active or inactive.
The general public school retirement provisions are modified
with regard to the purchase of creditable service for previous
membership under a different public school retirement system.
The amount of payment for purchase of creditable service shall be
determined by rule, or in the absence of rules, with interest, as
is currently done. In addition, rule language also is added to a
current provision regarding the ability of members on sick leave
or workers' compensation to receive creditable service credit.
MARGARET J. TOALSON