HR 2460--
Session of 1997
By Representatives Dean, Nichols and Spangler, Ballard, Burroughs, Crow, Dillon, Findley, Flaharty, Grant, Henderson, Henry, Johnston, Kirk, Klein, J. Long, Phelps, Reardon, Sawyer, Sharp and Wells

11 AN ACT concerning the Kansas public employees retirement system and 12 systems thereunder; relating to postretirement benefit increase tied to 13 consumer price index. 14 15 Be it enacted by the Legislature of the State of Kansas: 16 Section 1. (a) The retirement benefit, pension or annuity payments 17 accruing after June 30, 1997, to each retirant and each local school an- 18 nuitant, shall be increased by an annual cost-of-living increase in an 19 amount equal to the percentage increase in the consumer price index for 20 all urban consumers published by the United States department of labor 21 for the preceding calendar year, except that such percentage increase 22 shall not exceed 3.5%, multiplied by the retirement benefit, pension or 23 annuity payment in effect on July 1, 1997, and each year thereafter, from 24 the retirant's retirement system and shall be paid by such retirement 25 system to the retirant or to the local school annuitant during such period. 26 (b) As used in this section: 27 (1) ``Retirant'' means (A) any person who is a member of a retirement 28 system and who retires, (B) any person who is a special member of a 29 retirement system and who retires, (C) any person who is a joint annuitant 30 or beneficiary of any member described in clause (A) or any special mem- 31 ber described in clause (B), and (D) any insured disability benefit recip- 32 ient. 33 (2) ``Retirement system'' means the Kansas public employees retire- 34 ment system, the Kansas police and firemen's retirement system, the state 35 school retirement system and the retirement system for judges. 36 (3) ``Local school annuitant'' means (A) any person who is an annui- 37 tant with 10 or more years of service, who is receiving an annuity, whose 38 annuity is not included, in whole or in part, in payments made to such 39 school district under K.S.A. 72-5512b and amendments thereto and who 40 is not a member of a group I or of group II as defined in K.S.A. 72-5518 41 and amendments thereto, and (B) any person who is receiving an annuity 42 and who retired prior to September 1, 1981. 43 (c) ``Insured disability benefit recipient'' means any person receiving HR 2460

 1  an insured disability benefit under K.S.A. 74-4927 and amendments
 2  thereto.
 3    Sec. 2.  This act shall take effect and be in force from and after its
 4  publication in the statute book.