SB 349--
Session of 1997
By Senator Hensley

9 AN ACT concerning the Kansas public employees retirement system and 10 systems thereunder; relating to postretirement benefit increase. 11 12 Be it enacted by the Legislature of the State of Kansas: 13 Section 1. (a) The retirement benefit, pension or annuity payments 14 accruing after June 30, 1997, to each retirant and each local school an- 15 nuitant, shall be increased by an annual cost-of-living increase in an 16 amount equal to the percentage increase in the consumer price index for 17 all urban consumers published by the United States department of labor 18 for the preceding calendar year, except that such percentage increase 19 shall not exceed 2.0%, multiplied by the retirement benefit, pension or 20 annuity payment in effect on July 1, 1997, and each year thereafter, from 21 the retirant's retirement system and shall be paid by such retirement 22 system to the retirant and the local school annuitant during such period. 23 (b) As used in this section: 24 (1) ``Retirant'' means (A) any person who is a member of a retirement 25 system and who retires, (B) any person who is a special member of a 26 retirement system and who retires, (C) any person who is a joint annuitant 27 or beneficiary of any member described in clause (A) or any special mem- 28 ber described in clause (B), and (D) any insured disability benefit recip- 29 ient. 30 (2) ``Retirement system'' means the Kansas public employees retire- 31 ment system, the Kansas police and firemen's retirement system, the state 32 school retirement system and the retirement system for judges. 33 (3) ``Local school annuitant'' means (A) any person who is an annui- 34 tant with 10 or more years of service, who is receiving an annuity, whose 35 annuity is not included, in whole or in part, in payments made to such 36 school district under K.S.A. 72-5512b and amendments thereto and who 37 is not a member of a group I or of group II as defined in K.S.A. 72-5518 38 and amendments thereto, and (B) any person who is receiving an annuity 39 and who retired prior to September 1, 1981. 40 (c) ``Insured disability benefit recipient'' means any person receiving 41 an insured disability benefit under K.S.A. 74-4927 and amendments 42 thereto. SB 349

 1    Sec. 2.  This act shall take effect and be in force from and after its
 2  publication in the statute book.