20-2601b. Abolition of Kansas retirement fund for judges; transfer of assets to Kansas public employees retirement fund; credit of contributions; authorizing transfer endorsements. (a) On July 1, 1975, the Kansas retirement fund for judges created by K.S.A. 20-2602 is hereby abolished and the state treasurer shall transfer all moneys and other assets in said Kansas retirement fund for judges to the Kansas public employees retirement fund created in K.S.A. 74-4921. For the purposes of all assets other than money, such transfer shall be at the market value of such assets at the close of business on the date of transfer, which shall be the bid price as quoted by a nationally recognized government bond dealer.
(b) On July 1, 1975, and as part of the transfer of moneys and other assets of the Kansas retirement fund for judges to the Kansas public employees retirement fund, the individual accounts in the Kansas public employees retirement fund of members of the retirement system for judges shall be credited with the contributions in their respective accounts in the Kansas retirement fund for judges.
(c) On and after July 1, 1975, the board of trustees of the Kansas public employees retirement system may execute transfer endorsements for any stock or security which was transferred from the Kansas retirement fund for judges to the Kansas public employees retirement fund pursuant to subsection (a). Any such endorsement may be made either in the name of the Kansas public employees retirement fund or in the name of the Kansas retirement fund for judges.
(d) On and after July 1, 1975, whenever the Kansas retirement fund for judges, or words of like effect, is referred to or designated by a statute or contract or other document, such reference or designation shall be deemed to apply to the board of trustees of the Kansas public employees retirement fund.
History: L. 1975, ch. 190, ยง 2; July 1.
Structure Kansas Statutes
Article 26 - Retirement System For Justices And Judges
20-2607 Death prior to or subsequent to retirement; refund to beneficiary, when.
20-2608 Retirement ages; exceptions; early retirement benefit reduction.
20-2610 Retirement annuity; computation; maximum; final average salary.
20-2610a Retirement annuity options; elections of judge and spouse; joint annuitants.
20-2611 Statement of facts upon retirement; determination of amount of annuity.
20-2614 Appointment of successor upon retirement of justice or judge.
20-2621 Purchase of additional benefits for service credit by certain judges.
20-2623 Applicability of federal internal revenue code and K.S.A. 74-49,123 to the system.
20-2624 Retirement system for judges as division of KPERS; applicability of KPERS provisions.
20-2625 Purchase of participating service credit for certain military service.
20-2626 Purchase of service for VISTA service.
20-2627 Purchase of service credit for service pursuant to an assigned judicial duties agreement.