72-2695. Retirement fund for teachers and employees, certain cities; assessments; tax levy, use of proceeds; gifts. In any city of the first class having a population of less than 120,000 in the state of Kansas there may be created by the board of education of such city a public school teachers' and other public school employees' retirement fund, which fund when created, and the management and disbursement thereof, shall be under the control of the board of education of such city. Such retirement fund shall be created and maintained in the following manner:
First. By an assessment of not less than one percent nor more than six percent of every installment of salary paid to a teacher or other public school employee employed in such city.
Second. By the setting aside by the board of education of such city of an amount which shall be not less than one and one-half times the amount of salary assessments, and not less than the amount necessary to meet the payments herein provided for; such amount and an amount to pay a portion of the principal and interest on bonds issued by cities under the authority of K.S.A. 12-1774, and amendments thereto, for the financing of redevelopment projects upon property located within the school district may be raised by special levy and none of the debt or tax limitations provided by law shall apply to such levy made under this act, except that in no event shall such levy in any one year exceed one mill on each dollar of assessed valuation of real and personal property located within the taxing district of said board of education.
Third. By the receipt, by the gift, or otherwise, of any real, personal, or mixed property, or any interest therein.
History: L. 1941, ch. 340, § 1; L. 1943, ch. 253, § 1; L. 1953, ch. 327, § 2; L. 1979, ch. 52, § 172; 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.