72-2635. Retirement annuities; early retirement reduction; supplemental benefits for certain retired persons; optional joint annuity. (a) On retirement each school annuitant shall receive:
(1) A savings annuity which shall be the actuarial equivalent of the amount credited to such annuitant's savings account, with due consideration of the option provisions in K.S.A. 72-5512 and amendments thereto, and
(2) a service annuity to be paid by the state of Kansas.
The amount of any such service annuity shall be for persons who have: One to 9 1/2 years of school service in Kansas, $2.00 per month for each year. The service annuity of those having served for more than 9 1/2 years shall be the total of $6.85 per month for each year of the first 35 years of school service in Kansas, $3.50 per month for each year of school service in Kansas in excess of 35 years for benefits accruing during the period from September 1, 1979, to August 31, 1980, inclusive, and $6.85 per month for each year of school service in Kansas in excess of 35 years for benefits accruing on and after September 1, 1980.
Those retiring with 25 or more years of school employment may count up to 10 years out-of-state service as a school employee if the last five years of school service immediately prior to retirement is in Kansas, but such persons who attain the 25 or more years benefit schedule by counting out-of-state service and those who attain said benefit schedule by counting nonmember service shall receive the total of $6.85 per month for each year of the first 35 years of Kansas school service, $3.50 per month for each year of Kansas school service in excess of 35 years for benefits accruing during the period from September 1, 1979, to August 31, 1980, inclusive, and $6.85 per month for each year of Kansas school service in excess of 35 years for benefits accruing on and after September 1, 1980. The service annuity for school employees who retire on or after September 1, 1969, between ages 60 and 64 shall be computed by applying a percentage to the standard rate allowable at age 65; such percentages according to age at the time of early retirement shall be:
Age 60 80%Age 61 84%Age 62 88%Age 63 92%Age 64 96%
Except that those who first become school employees after September 1, 1965, cannot qualify for any service annuity unless such employee accumulates at least 10 years of school service. Certain annuitants and former school employees shall be grouped for the purpose of granting extraordinary benefits, as follows:
(A) Group I shall consist of school annuitants and former employees who left school service prior to September 1, 1959, were born before 1895, and were school employees for at least 25 years. Any person in group I shall be entitled to have all years as a school employee counted as school service and a service annuity shall be granted in the total amount of $6.85 per month for each year of the first 35 years of Kansas school service, $3.50 per month for each year of Kansas school service in excess of 35 years for benefits accruing during the period from September 1, 1979, to August 31, 1980, inclusive, and $6.85 per month for each year of Kansas school service in excess of 35 years for benefits accruing on and after September 1, 1980.
(B) Group II shall consist of annuitants with at least 25 years of school employment, who were born before March 1, 1895, who retired prior to September 1, 1959, and are receiving a retirement annuity from a city board of education maintaining a separate retirement system. Any person in group II who is receiving an annuity from such city retirement system of a lesser amount per month than the total amount obtained by (i) multiplying $6.85 by the number of years engaged as a school employee in Kansas not exceeding 35 years and (ii) multiplying $3.50 by the number of years engaged as a school employee in Kansas in excess of 35 years for benefits accruing during the period from September 1, 1979, to August 31, 1980, inclusive, or multiplying $6.85 by the number of years engaged as a school employee in Kansas in excess of 35 years for benefits accruing on and after September 1, 1980, shall be entitled to receive monthly the difference in such amounts as a service annuity. After September 1, 1965, no additional group II annuitants shall be established; instead such separate city retirement systems are hereby authorized to increase the benefits of any such annuitant, whose membership has not heretofore been established in the Kansas school retirement system, to the amount of the service annuity an eligible annuitant with the same school service would be entitled to receive under the state school retirement system.
(C) Group III shall consist of annuitants who retired before September 1, 1956, with school service in excess of 35 years and who have not qualified for any social security benefits. Notwithstanding the limitations elsewhere imposed in this section, any person in group III shall be paid by the retirement system in which such person has established membership $6.85 per month for each year of school service, except that in the event any person who retires from school service qualifies for more than one service annuity under the provisions of this section, such person shall only be entitled to receive one service annuity which shall be the one which is the largest.
(b) Subject to the provisions of K.S.A. 74-49,123 and amendments thereto, the board shall provide for a joint annuity at the option of the school employee exercised at the time of, or prior to, the date of retirement from school service whereby the service annuity shall be actuarially reduced according to the age of the individual named by the school employee as the joint annuitant. The reduced service annuity will then be paid to the annuitant during such annuitant's lifetime and a like amount continued for the life of the joint annuitant should the joint annuitant survive the annuitant. In case the amount available in any fiscal year is not sufficient to pay all service annuities in full, the amount available shall be prorated among the claimants, but the deficiency shall not constitute a claim against the state of Kansas.
History: L. 1941, ch. 341, § 18; L. 1945, ch. 292, § 2; L. 1947, ch. 373, § 2; L. 1949, ch. 380, § 3; L. 1951, ch. 408, § 2; L. 1953, ch. 339, § 6; L. 1959, ch. 296, § 1; L. 1961, ch. 342, § 4; L. 1963, ch. 381, § 1; L. 1965, ch. 413, § 3; L. 1969, ch. 327, § 9; L. 1970, ch. 285, § 1; L. 1973, ch. 287, § 1; L. 1973, ch. 288, § 1; L. 1978, ch. 293, § 2; L. 1979, ch. 227, § 1; L. 1985, ch. 254, § 6; L. 1998, ch. 64, § 24; July 1.
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.