72-26,125. Same; continuation of retirement system as supplemental system; limitations; increase of retirement benefits, when. The board of education is hereby authorized to continue its retirement system established under any of the provisions of K.S.A. 72-1726 to 72-1734, both sections inclusive, or K.S.A. 72-1780 to 72-17,107, both sections inclusive, as a supplemental retirement system in accordance with the provisions of this act, and shall provide the same rights and benefits for its members as are provided under its retirement system established under such sections, except that the benefits to any member who becomes a member of the state school retirement system shall be reduced by the amount of the benefits actually received from both the savings annuity and the service annuity by such member from the state school retirement system: Provided, That members of such supplemental retirement systems, when retired after the establishment of such systems, shall receive the full first year's annual pension without any deduction for deficiency as provided in K.S.A. 72-17,101, reduced only by the amounts actually received from the state school retirement system as provided above: Provided further, That members of such supplemental retirement systems who were retired, other than for disability, at the close of the 1953-1954 school year or who shall be retired, other than for disability, at the close of any subsequent school year shall receive retirement benefits as provided in this act beginning on September 1st following the date of their retirement.
Such supplemental system shall be maintained solely for the benefit of those teachers and employees who are members of such retirement system or systems on August 31 following compliance with the provisions of K.S.A. 72-17,118 and any amendments thereto, and no teacher or employee of such board of education shall be eligible to become a member of such supplemental retirement system or systems after such August 31. All members of the supplemental retirement system who are previously retired or who shall be retired prior to becoming eligible for benefits under the state school retirement system shall receive the same benefits under the supplemental retirement system as are now provided for them under any of the provisions of the retirement systems of the boards of education established under K.S.A. 72-1726 to 72-1734, both sections inclusive, or K.S.A. 72-1780 to 72-17,107, both sections inclusive: Provided, That such members shall receive an annuity of not less than seven hundred twenty dollars ($720) per year, payable in equal monthly installments, beginning on September 1 following compliance with K.S.A. 72-17,118 and any amendments thereto if such members had performed thirty (30) years of service, twenty (20) years of which was in public schools of such cities of the first class, or if such members were retired for disability and had performed twenty-five (25) years of service, fifteen (15) years of which was in public schools of cities of the first class: Provided further, If any such board of education established a retirement system for teachers and employees prior to July 1, 1947, and thereafter established a retirement system under the provisions of chapter 384 [*] of the session laws of 1947, such board of education, in its discretion, may increase the retirement benefits payable after September 1, 1955, to any teachers or employees, who were retired for disability or otherwise, prior to the establishment of said latter retirement system and who at the date of their retirement had the qualifications required for retirement under any of the provisions of chapter 384 [*] of the session laws of 1947, so as to equal the retirement benefits provided by said chapter 384 [*] of the session laws of 1947 for teachers and employees with the same qualifications.
History: L. 1953, ch. 328, § 3; L. 1955, ch. 318, § 1; Apr. 4.
* See 72-26,105 to 72-26,113.
Structure Kansas Statutes
Article 26 - School District Employee Retirement Systems
72-2625 School employees savings fund; state school retirement fund; transfers; uses.
72-2626 Service records of school employees; establishment of membership, conditions.
72-2627 Same; certificate of service record; failure to file annuity claim.
72-2630 Disability annuity; medical examinations; return to service.
72-2632 Deductions from salary; disposition of moneys; how credited.
72-2633 Same; contracts deemed to include.
72-2634 Same; permanent reserves; investment; interest prorated.
72-2636 Same; increases inclusive of increases provided by K.S.A. 74-4943.
72-2637 Same; payments made under K.S.A. 72-5512a under provisions of school retirement system.
72-2638 Quitting service before age sixty.
72-2639 Refund upon quitting service, when; return to service.
72-2640 Death of school employee; refunds.
72-2641 Limitation of actions to recover refund or installment; qualifying conditions.
72-2643 Unassignability; exemptions.
72-2645 Ad valorem tax prohibited.
72-2646 Right to amend act reserved.
72-2648 Income tax exemption of school annuities.
72-2661 Teacher's retirement fund; assessments; tax levy, use of proceeds; gifts.
72-2662 Same; disbursement and investment of fund.
72-2663 Same; retirement conditions.
72-2664 Same; disability or incapacity; reinstatement.
72-2665 Same; refunds; transfers to another city operating under this act; payment to heirs, when.
72-2666 Same; teacher defined.
72-2667 Same; fund kept separate; disbursement.
72-2668 Same; exemption of salary and waiver of benefits; time for requesting.
72-2669 Same; rules and regulations.
72-2670 Employees' retirement fund in certain cities between 120,000 and 200,000; definitions.
72-2674 Same; retirement and payment of employees; conditions; rules and regulations.
72-2675 Annuity payment options.
72-2676 Same; disability annuities; medical examinations.
72-2677 Same; application of act.
72-2678 Same; refunds; deferred annuities; limitation on claims.
72-2679 Same; credit for service in armed forces; payment of contributions.
72-2680 Same; fund kept separate; disbursement.
72-2681 Same; employees unable to qualify exempt from assessment; authority of board of education.
72-2682 Same; limitations on employment.
72-2683 Same; payments exempt from execution.
72-2684 Same; annuities exempt from income tax.
72-2685 Same; rules and regulations.
72-2687 Retirement fund, certain cities; assessments; tax levy, use of proceeds; gifts.
72-2689 Same; retirement and payment of employees; conditions.
72-2690 Same; retirement and payment on account of disability, when; reinstatement.
72-2691 Same; refund to employee; voluntary retirement; payment to heirs, when.
72-2692 Same; fund kept separate; disbursement.
72-2693 Same; employee defined.
72-2694 Same; rules and regulations.
72-2696 Same; disbursement and investment of fund.
72-2697 Same; retirement and payment; conditions.
72-2698 Same; retirement and payment on account of disability, when; reinstatement.
72-26,100 Same; teacher and other public school employee defined.
72-26,101 Same; fund kept separate; disbursement.
72-26,102 Same; exemption of salary and waiver of benefits; time for requesting.
72-26,103 Same; rules and regulations.
72-26,104 Same; retirement funds under K.S.A. 72-1726 to 72-1734 and K.S.A. 72-1780 to 72-1787.
72-26,106 Same; disbursement and investment of fund.
72-26,107 Same; retirement and payment; conditions.
72-26,110 Same; teacher and other public school employee defined.
72-26,111 Same; fund kept separate; disbursement.
72-26,112 Same; exemption of salary and waiver of benefits; time for requesting.
72-26,113 Same; rules and regulations.
72-26,115 Certain retirement systems; definitions.
72-26,116 Same; abolishment and membership in state school retirement system; procedure and rights.
72-26,117 Same; supplemental retirement system for members of state system; limitations.
72-26,118 Same; supplemental retirement fund; credits, custody and investment.
72-26,119 Same; supplemental retirement system; tax levy, use of proceeds.
72-26,120 Same; annuities and obligations to retired members; tax levy, use of proceeds.
72-26,121 Same; members accounts in supplemental retirement fund; payments.
72-26,122 Same; rules and regulations.
72-26,123 Certain retirement systems; "board of education" defined.
72-26,126 Same; residues; tax levy, use of proceeds; interest from investments.
72-26,127 Same; investment of fund.
72-26,128 Same; retirement benefits exempt from income tax.
72-26,129 Same; issuance of no-fund warrants, when; payment.
72-26,130 Same; refunds authorized in certain cases.
72-26,132 Same; policies for investment of fund; formulation and review.
72-26,133 Same; contracts with financial advisors authorized; payment for services; fidelity bond.
72-26,134 Same; reliance on legal opinions.
72-26,135 Same; custody of fund; payment for services of banks, trust companies.
72-26,136 Same; reports; monthly records.
72-26,137 Same; annual examination of investment program.
72-26,138 Certain districts; retirement systems.
72-26,139 Increased retirement payments for certain districts, when.