Session of 1998
By Senator Karr
            9             AN ACT concerning the Kansas public employees retirement system;
10             relating to the retirement system for judges; purchase of service credit
11             for certain military service.
13       Be it enacted by the Legislature of the State of Kansas:
14           Section 1.  (1) Any member of the retirement system for judges may
15       purchase participating credit for periods of active service in the armed
16       forces of the United States or in the commissioned corps of the United
17       States public health service and for periods of service required to fulfill
18       the requirements of section 651 of title 10, United States code, which
19       does not exceed six years. Such judge shall be entitled to purchase one
20       quarter of participating service credit for each year of service required to
21       fulfill the requirements of section 651 of title 10, United States code.
22       Such purchase shall be effected by the judge submitting proof of such
23       service acceptable to the board and electing in writing to have employee
24       contributions as provided in K.S.A. 20-2603 and amendments thereto
25       deducted from such judge's compensation at an additional rate of con-
26       tribution, in addition to the employee's rate of contribution as provided
27       in K.S.A. 20-2603 and amendments thereto, based upon the judge's at-
28       tained age at the time of purchase and using actuarial assumptions and
29       tables in use by the retirement system at such time of purchase for such
30       periods of service. Such additional rate of contribution shall commence
31       at the beginning of the quarter following such election and shall remain
32       in effect until all of the full quarters of such service have been purchased.
33           (2) Any member of the retirement system who has not retired may
34       purchase participating service credit for military service as described in
35       this section by electing to effect such purchase by means of a single lump-
36       sum payment in lieu of employee contributions as provided in this section.
37       The lump-sum payment shall be an amount determined by the actuary
38       using the judge's then current annual rate of compensation, the actuarial
39       assumptions and tables currently in use by the retirement system and the
40       judge's attained age. No participating employer shall pay all or any part
41       of the cost of any additional participating service credit to be purchased
42       by means of a lump-sum payment by a judge under this section.

SB 512


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