20-2621. Purchase of additional benefits for service credit by certain judges. (1) Any judge, who first became a member of the retirement system for judges after attaining age 60 years, may elect to purchase additional benefits for service credit under the retirement system for judges. In no case shall a judge be entitled to purchase additional benefits as provided in this section if the judge's number of years of credited service and number of years of service credit purchased as provided in this section exceeds 15 years. The benefit for each such year of service credit purchased as provided in this section shall be as provided in K.S.A. 20-2610, and amendments thereto. Such benefit shall be based on the annual compensation of such judge at the time the judge purchases such additional benefits. Subject to the provisions of K.S.A. 74-49,123, and amendments thereto, such member may purchase such additional benefits by making application therefor prior to date of retirement and making a single lump-sum payment representing the amount that a judge would normally contribute under the system had the years of service credit purchased by the judge as provided in this section actually been years of credited service. Such lump-sum payment shall be based on an amount equal to the then present value of the benefits being purchased as determined by the actuary using the judge's attained age, annual compensation at the time of purchase and the actuarial assumptions and tables then in use by this system. The lump-sum payment shall be made on the date specified by the board.
(2) The provisions of this section shall take effect on and after July 1, 1994.
History: L. 1994, ch. 293, § 36; L. 1998, ch. 64, § 21; 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.