72-2672. Phase out of reduction of annuity payments when employee eligible for payments under social security. (a) Except as otherwise provided in subsection (b), if school employees subject to this act become subject also to the provisions of the federal social security act, and amendments thereto, monthly payments of annuity as otherwise provided herein to employees retiring subsequent to the first salary or wage deduction for social security tax shall be reduced by the monthly primary insurance amount of social security benefits, without limitation by reason of excess wage or salary income, to which the annuitant is eligible at the time of retirement or on attaining the minimum age required for payments under social security, whichever is the later. The amount of such reduction shall not be greater than 1/2 the monthly annuity payments as provided herein and shall not be greater than $75. The annuitant shall certify to the board of education such information as will determine the social security benefits to which the annuitant is eligible. Notwithstanding that any other provision of this section may be inconsistent herewith, the amount of such monthly annuity payments shall be not less than the amount which, when added to the amount of monthly payments of service annuity, if any, made to the annuitant from the state school retirement fund, will equal the amount of service annuity that would have been payable under the provisions of K.S.A. 72-5518 and amendments thereto if the annuitant had been a member of the state school retirement system and had been credited only with the school service years as otherwise provided herein. If the service record of any annuitant results in the eligibility of the board of education for payments from the state school retirement fund, the monthly annuity payments to such annuitant as otherwise provided herein shall be not less than the amount of such state payments.
(b) Monthly payments of annuity as provided in K.S.A. 72-1758 et seq. and amendments thereto occurring after the effective date of this act shall be reduced by the monthly primary insurance amount of social security benefits as described in subsection (a) in an amount that shall not be greater than 1/2 the monthly annuity payment as provided in K.S.A. 72-1758 et seq. and amendments thereto and shall not be greater than $65 during the period commencing July 1, 1990, and ending June 30, 1991; $55 during the period commencing July 1, 1991, and ending June 30, 1992; $45 during the period commencing July 1, 1992, and ending June 30, 1993; $35 during the period commencing July 1, 1993, and ending June 30, 1994; $25 during the period commencing July 1, 1994 and ending June 30, 1995; and $15 during the period commencing July 1, 1995, and ending June 30, 1996. Commencing July 1, 1996, there shall be no reduction in monthly payments of annuity as a result of the school employee receiving any primary insurance social security benefits.
History: L. 1955, ch. 317, § 2; L. 1963, ch. 361, § 1; L. 1967, ch. 384, § 1; L. 1968, ch. 280, § 2; L. 1981, ch. 281, § 1; L. 1990, ch. 282, § 28; 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.