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HB 2711 is the only KPERS policy bill that was approved by the 2024 Legislature and enacted into law. The bill includes: Increase the alternatives investment cap from 15% to 25%, but maintaining a cap in statute.
30 kwi 2024 · Short Title. Transferring teachers from the KPERS 3 cash balance plan to the KPERS 2 plan and defining teachers for purposes of KPERS. View Testimony and Minutes.
5 dni temu · Short Title. Enacting the countries of concern divestment act, increasing the statutory alternative investment percentage limitation for the KPERS trust fund, increasing the amount of KPERS retirant.
6 mar 2024 · Senate Bill 479, heard Tuesday in the Senate Committee on Education, would convert Tier 3 members to Tier 2 by January 2025 and allow teachers who become KPERS members in July of 2024 to enter Tier 2. Shorter-term teachers who would receive more benefits under Tier 3 could choose to stay in Tier 3.
KPERS 3 is a cash balance plan, where a member’s lifetime benefit is based on contributions and interest earned throughout their career. SB 502 would abolish the KPERS 3 cash balance plan and reopen the KPERS 2 plan to new members on July 1, 2024.
KPERS 3 is a cash balance plan, where a member’s lifetime benefit is based on contributions and interest earned throughout their career. HB 2365 would abolish the KPERS 3 cash balance plan and reopen the KPERS 2 plan to new members on July 1, 2023.
12 maj 2022 · Governor Laura Kelly has signed bipartisan legislation, Senate Bill 421, that transfers more than $1 billion from the State General Fund to the Kansas Public Employees Retirement System (KPERS).
