0000006953 00000 n KPERS 1 and KPERS 2 benefits are calculated using a statutory formula based on the member's age, final average salary and years of service, these benefits are not based on the members account balance. Hopefully you’ve been preparing for years, and you are ready to take the big plunge. Note: Enter years of actual KPERS service credit at retirement. Options for continuing benefits from KPERS 457 after retirement. One option is a Vanguard Target Retirement Fund.Just choose the fund closest to the year you plan to retire, and the fund will do the rest. a personalized retirement benefit estimate through your personal account at www.kpers.org or you can request an estimate from the Retirement System. Example: H works 30 years and deducts from his paycheck $100,000 in mandatory contributions during the course of his employment. Complete an Application for Retirement Benefits form (KPERS-15). Great for retirement lump sums. The Kansas Public Employees Retirement System (KPERS) was established in 1961 for State of Kansas public employees to provide a defined benefit pension plan. On Page 13, Part D your signature needs to be notarized. 272 60 (This is also required for the joint annuitant, if applicable) Changes online or with this form replace all previous designations. 0000014946 00000 n Review the KP&F Retirement Options publication to understand your benefit payment options. This session is for individuals who are planning to retire within the next several years and who are looking for general information on preparing for a KPERS retirement. Since your employer is an important part of your retirement process, be sure to keep your designated agent informed of In the case of multiple beneficiaries, the benefit will be shared equally by each. The System also oversees KPERS 457, a voluntary deferred compensation Plan for state and many local employees. future. Arkansas public employees retirement system. 74-4988 Kansas Tax Notice 07-05. Deciding which option is best for you is dependent on both your unique life situation and your financial needs. Announcements. We talked to officials from these agencies, the Kansas Public Employees Retirement System (KPERS), and KPERS’ consulting actuarial firm. This policy is governed by the following Kansas Statues: K.S.A. �C��q��H�ġ�ղ� !�HʼnL8�����F One option is a Vanguard Target Retirement Fund.Just choose the fund closest to … Welcome to your KPERS 457 website experience. Since then, the funded rate has been the lowest KPERS group. Questions about retirement options and KPERS should be directed to Tammy England at 913-780-8117 or by emailing tenglandec@olatheschools.org. Normal retirement for KPERS members is at age 65 with at least two quarters of service requirement. Options for continuing benefits from KPERS 457 in retirement. Income replacement and income needs at retirement. 2. Review our Retirement Options publication to consider your payment options. 0000003663 00000 n KPERS 3 Retirement Options. Controlling Your Financial Future • For employees with more than 5 years until retirement • 1.5 hours • Register This session is for individuals who are planning to retire within the next few years and who are looking for general information on preparing for a KPERS retirement. Steps to consider with your KPERS 457 before retirement. The Governor announced State office buildings in the Capitol Complex will be closed January 19 and 20. 0000005491 00000 n Membership totals over 289,000 members. Retirement Benefit Options. 0000047075 00000 n This option is the maximum monthly benefit you can receive. For KPERS Tier 3 participants (hired after 2015), the benefit after retirement is determined based on the total employee contributions made throughout the career, as well as retirement credits earned and interest accrued. KPERS-15 Rev. Those employed before July 1, 2009 are Tier 1 members. 0000014482 00000 n DROP History and Benefits KPERS administers the Kansas Police and Firemen’s Retirement System (KP&F), which provides retirement benefits … 3. Review the KPERS Retirement Options publication to understand your benefit payment options. 2. As a retired KPERS member, you will receive a monthly retirement benefit for the rest of your life. 0 2. 3. 0000009477 00000 n before retirement. If You're Within 5 Years of Retirement, Join Us for a Pre-Retirement Webinar, Modernizing Technology and Business Processes to Better Serve Our Members. The retirement calculator located on their KPERS personal account screen provides estimates based on the retirement date selected. Learn more about the retirement process for your membership group: Regular Members (majority of IPERS members) Sheriffs and Deputy Sheriffs Protection Occupations The lump-sum option gives you maximum control of your money, as you can then decide what to do with it instead of leaving it up to the pension people to manage it for you. 74-4901. The Pension Maximization Plan Advantage. Please register Benefits of Enrolling in the KPERS 457 (1 hour) (For all State employees) A retirement counselor will discuss: 1. l Retirement date is June 1. l Retiree cannot return to work until August 1. In tandem, it would make an appropriation of roughly $40 million to the state Department of Education for a 1.15% raise public school employees in the retirement system. Addressing unfunded liabilities in the Kansas Public Employees Retirement System is going to require the infusion of a ton of cash. KPERS 1 & 2 and KP&F Retirement Application. KPERS 457 AFTER RETIREMENT. 0000054649 00000 n Questions about retirement options and KPERS should be directed to Tammy England at 913-780-8117 or by emailing tenglandec@olatheschools.org. Years @ 1.75% Multiplier: Service prior to January 1, 2014, and most purchased service is included in this category. ... Retirement Benefi t Options – P Review the separate publication Retirement Options for details about each option. 0000053483 00000 n 0000012532 00000 n 0000011771 00000 n A. KPERS Eligibility KPERS-7/99 Rev. KPERS Retirement Tips: Your KPERS Retirement Date is always on the 1st of the month. When deciding which pension payout option is best for you and your spouse, consider your life expectancy, potential beneficiaries (and their life expectancies), and your income needs in retirement to determine whether an annuity or a lump-sum will better sustain your retirement. 1. KP&F Retirement Options. •Determine your best retirement date •Review and choose a KPERS retirement option •Submit the retirement application (KPERS-15) at least 30 days before the retirement date. Some of you have it and some may not. KPERS 457 is the State of Kansas deferred compensation plan.It’s a voluntary savings plan for all state employees and some local employees. Login to the member web portal at www.kpers.org. Billions … Human Capital Services is partnering with the Kansas Public Employees Retirement System (KPERS) to offer a pre-retirement information session for KPERS retirement plan members. 74-4917. Enter the appropriate KPERS code, which is PT2 for most new employees hired on or after 7/1/2009. %%EOF 272 0 obj <> endobj Income replacement and income needs at retirement. For a KPERS contribution to flow to KS SCH S and to the KS40, the Kansas wages must exceed the federal wages and the contribution must be correctly entered on screen W2. In the early 1970s, the old school retirement system merged with KPERS. Working After Retirement . Benefit Program : - Benefit Program code corresponds to the employee salary range as of the deduction begin date. (you must apply; retirement does not start automatically) • Provide proof of age and name change. Investor information regarding State bonds is available at www.emma.msrb.org. An estimate of benefits under the various payment options and an application form will be prepared and sent to you. Possible retirement date(s). ��^Y� L'9�X�.2:�ob=�;C� %4���������X���y(,���Ui10-����` �*r. Pension election options play a large role in your retirement plan. 0000003521 00000 n 0000050482 00000 n %PDF-1.4 %���� Retirement Workshops Each year, district employees have multiple opportunities to learn more about their retirement options. 01/14/21 - The System also oversees KPERS 457, a voluntary deferred compensation Plan for state and many local employees. Almost all retirees have the death benefit, no matter which retire-ment option they chose when they retired. These are wise steps when considering your options before retirement. 1-800-232-0024. kpers457.org. Membership totals over 289,000 members. Topeka, KS 66603 KPERS MEMBER SERVICES - Active and Retired Members KPERS Forms: This link will take you to a list of forms including the Beneficiary form, Service Credit Purchase, Retirement Application and related forms, and Withdrawal of … Request a retirement benefit estimate through your designated agent or calculate one yourself. 11/16 DESIGNATION OF BENEFICIARY For security reasons, do not submit form by e-mail. Tim Carpenter Call KPERS at 1-888-275-5737 or email kpers@kpers.org. Choosing the PLSO will reduce your monthly benefits, no matter which other option you choose. As a retired KPERS member, you will receive a monthly retirement ben - efit for the rest of your life. Welcome to your KPERS 457 website experience. This includes our InfoLine. KP&F Retirement Options. On Page 13, Part D your signature needs to be notarized. Returning to work for the same KPERS employer Some say it is important to make sure the plan is funded to at least 80%, so that the long-term health of KPERS will allow for the pension benefits retirees want. Defaults from Benefit Program Participation page. xref The 2019 valuation puts the school rate at 65%. 0000001526 00000 n The Kansas Public Employees Retirement System, administers three statewide defined-benefit plans for state and local public employees. K.S.A. On Page 13, Part D If you check married, your spouse must sign sign under Part E … KPERS will calculate both options and use whichever is higher to calculate the em- ployee’s retirement benefit. h�b```b``�``c`��� �� @1v� �j��tg`(|��x��%&xE���WF�����5�B�{�8���53^X���*�g�(��SZM%��s�"�"�%���f���nWl9>UO%"��^����]B�2::@lFAA%�P �e`RRJ�u�\\@\�j�g�,�@��d�g`^!���A���p�M�#d.p4�6J1�d����@X��aŁ��Xװ/m(H�v�h^�6�HbV��B��b 6R9�X0((9�0�7F�-`1�\`g���+2���9�-�9�C 0000046990 00000 n Sick/vacation payouts. KPERS 2 Retirement Options. 0000014680 00000 n With KPERS 457, investing is easy. YOUR RETIREMENT BENEFITS There are two parts to the KPERS 3 cash balance plan—your contribution account and your retirement credits. Email: [email protected]. In addition, KPERS has retirement payment options that add financial flexibility and allow you to provide for loved ones after your death. KPERS is not responsible for the use of information obtained on this website. This site contains certain limited statistical and financial data relating to the activities of KPERS, a component unit of the State of Kansas. 0000012920 00000 n 0000056002 00000 n • Review and choose a KPERS retirement option • Submit the retirement application (KPERS -15) at least 30 days before the retirement date. Rounded service to next full year. For the safety of our employees, KPERS will also be closed. 6/16 APPLICATION FOR RETIREMENT BENEFITS For security reasons, do not submit application by e-mail. The retirement calculator located on their KPERS personal account screen provides estimates based on the retirement date selected. Maximum Monthly Payment Option. Retirement Specialist to help. Non-School & School Non-Licensed. The benefit can be paid to a funeral establishment or another beneficiary. H�\��n�0��~ endstream endobj 273 0 obj <>/Metadata 41 0 R/Names 274 0 R/Pages 40 0 R/StructTreeRoot 43 0 R/Type/Catalog/ViewerPreferences<>>> endobj 274 0 obj <> endobj 275 0 obj >/PageWidthList<0 612.0>>>>>>/Resources<>/ExtGState<>/Font<>/ProcSet[/PDF/Text]/Properties<>>>/Rotate 0/StructParents 0/TrimBox[0.0 0.0 612.0 792.0]/Type/Page>> endobj 276 0 obj <> endobj 277 0 obj <> endobj 278 0 obj <> endobj 279 0 obj <> endobj 280 0 obj [/Separation/PANTONE#20259#20C/DeviceCMYK<>] endobj 281 0 obj <> endobj 282 0 obj <> endobj 283 0 obj <> endobj 284 0 obj <> endobj 285 0 obj <>stream 0000009882 00000 n retirement options to provide reduced, regular monthly payments for the rest of your life. For retirement, it could be P2 for new hires or P for those already in KPERS. 0000016783 00000 n 0000052799 00000 n The Kansas Public Employees Retirement System (KPERS) provides in-person and online webinars for those employees who are within five years of retirement. 0000011330 00000 n Important – You have the option to make beneficiary changes in your online account at kpers.org. While you make contributions, you also earn retirement credits quarterly based on how many years of service you have and a percent of your pay. Get a personalized view of your estimated monthly retirement income ... Prospectuses, disclosure documents and investment-related options/services information are only available in English. K.S.A. KPERS membership is mandatory for all employees in eligible positions regardless of age. … You cannot physically work in the month that you retire. 74-4924(2). Among those is choosing which type of KPERS retirement option is best for you. The Kansas Public Employees Retirement System, administers three statewide defined-benefit plans for state and local public employees. KPERS 457 is the voluntary 457(b) deferred compensation savings plan for State and some local employees. Certified Voluntary Early Retirement Program The Certified Voluntary Early Retirement Program (VERP) applies to licensed/certified and administrative staff members on a continuing contract and paid from a USD 233 funding source at the time of retirement. 0000020014 00000 n KPERS can help make it easier. 0000002353 00000 n There are two types of A-Option retirement plans – the A-120 Option, and the A-60 Option. KPERS . Steps to consider with your KPERS 457 before retirement. h�bbRa`b``Ń3� �� ׼ 0000053111 00000 n KPERS is a defined benefit plan (pension). Income replacement and income needs in . The Rundown podcast transcript for Performance Audit report titled KPERS: Evaluating the Deferred Retirement Option Program – Released September 2020 Brad Hoff, Host and Rec ruiting and Training Manager: [00:00] From the Kansas Legislative Division of Post Audit, this is … Note: Retiree cannot contribute to KPERS after retiring. 0000050955 00000 n University Support Staff Employees participate in Kansas Public Employees Retirement System (KPERS). 0000054356 00000 n 0000005292 00000 n As you get close to retirement, make sure you know the options available to you for withdrawing your money. As a retired KPERS member, you will receive a monthly retirement benefit for the rest of your life. Addressing unfunded liabilities in the Kansas Public Employees Retirement System is going to require the infusion of a ton of cash. 0000050928 00000 n How do I enter a taxpayer contribution to the Kansas Public Employees’ Retirement System (KPERS)? Select one of the seven monthly benefi t options. KPERS 1 members have the PLSO available in 10%, 20%, 30%, 40% or 50% amounts. What is the A-120 Option? Documents can be submitted using the upload feature in Member Self Service, by mail, or by fax at 502-696-8822. Years @ 1.85% Multiplier: KPERS 1 service after January 1, 2014. In addition, KPERS has retirement payment options that add financial flexibility and allow you to provide for loved ones after your death. 0000001999 00000 n H retires and If your personal, lifestyle, and financial objectives align positively with the What Is Important To You section, then this table approximates the advantage your own PenMax Plan may have over the KPERS Joint & Survivor Options. USS employees do not serve a wait period prior to enrollment. 611 S. Kansas Ave, Stay in KPERS 457 after retirement. be difficult. 0000046920 00000 n The deferred retirement option program (DROP) is only available to Kansas Highway Patrol (KHP) and Kansas Bureau of Investigation (KBI) employees. Use (A) If 457 rep is NOT THERE or . 0000024984 00000 n You now have decisions to make that will greatly impact your financial future. KPERS 3 Retirement Options. If the taxpayer’s W-2 Box 14 displays an amount indicated as “KPERS” or "WPERS" 0000000016 00000 n 0000002388 00000 n It has not been prepared or maintained as a source of investor information and should not be relied upon for investment purposes. Some pension plans, such as KPERS for Kansas state and local public employees offer both a partial lump sum and reduced pension option. 0000002180 00000 n You can use the benefit calculator at kpers.org to see how taking a partial lump-sum option or providing a benefit for someone after your death affect your benefit amount. 3. The percentage you select determines the size of the lump sum and the decrease in your 0000011554 00000 n • The 60 days is from KPERS retirement date, not from member’s last day on payroll. Complete an Application for Retirement Benefits form (KPERS-15). 0000056295 00000 n Information and options about the Kansas Board of Regents mandatory retirement plan, the Kansas Public Employees Retirement System (KPERS) plan, and Kansas Police and Fire (KP&F) plans at the University of Kansas Medical Center. 0000051254 00000 n These rules and limitations do not apply if you work for an employer that is not a KPERS covered employer. Questions about retirement options and KPERS should be directed to Tammy England at 913-780-8117 or by emailing tenglandec@olatheschools.org. 74-4901 et seq., any decisions will … 2. Under the “A-Options”, your beneficiary may be anyone you choose. 0000008296 00000 n 0000005180 00000 n Retirement credits are only available at retirement. 0000005879 00000 n 0000010213 00000 n 0000013558 00000 n With KPERS 457, investing is easy. The Retirement System provides a $4,000 lump-sum death benefit that can be used to pay for funeral expenses. retirement. 2021 payroll kpers retirement payment schedule 2021 pay periods kpers retirement payment schedule, 2021 pay schedule 3 kpers retirement payment schedule gsa opm federal pay scale You can use the benefit calculator at www.kpers.org to see how taking a partial lump-sum option or providing a benefit for someone after your death affect your benefit amount. endstream endobj 330 0 obj <>/Filter/FlateDecode/Index[43 229]/Length 30/Size 272/Type/XRef/W[1 1 1]>>stream <<4109E84EFC7D934FB1ACF4102C7DE5E5>]/Prev 172788/XRefStm 1999>> Your decision about which option to take is crucial, because once you make a choice, you … .040 Kansas Public Employees Retirement System (KPERS) KPERS is a defined benefit IRC 401(a) retirement plan. startxref 0000005002 00000 n Kansas Public Employees Retirement System 0000034443 00000 n 0000013189 00000 n (Member must apply; retirement does not start automatically) •Provide proof of age and name change. 0000054982 00000 n 0000015913 00000 n Options for continuing benefits from KPERS 457 after retirement. In addition, KPERS has retirement payment options that add financial flexibility and allow you to provide for loved ones after your death. The deferred retirement option program (DROP) appears to help agencies keep experienced staff without significantly increasing costs. Here you will find information based on your role in our system, whether you are an active member, near retirement, a retired member, or an APERS participating employer. The GOP-led House also defeated two amendments offered by Democratic members providing cost of living increases of 1% and 3% for retirees in the Kansas Public Employees Retirement System. KPERS 1 & 2 and KP&F Retirement Application. Among those is choosing which type of KPERS retirement option is best for you. However, if the employee was a KPERS member prior to 7/1/2009 and has not withdrawn contributions, enter KPERS code P. Navigate to Main Menu>Benefits>Enroll in Benefits>Retirement Plans Please register Benefits of Enrolling in the KPERS 457 (1 hour) (For all State employees) A retirement counselor will discuss: 1. The Rundown podcast transcript for Performance Audit report titled KPERS: Evaluating the Deferred Retirement Option Program – Released September 2020 Brad Hoff, Host and Rec ruiting and Training Manager: [00:00] From the Kansas Legislative Division of Post Audit, this is The Rundown. You receive 94% of the computed straight life annuity. Information and options about the Kansas Board of Regents mandatory retirement plan, the Kansas Public Employees Retirement System (KPERS) plan, and Kansas Police and Fire (KP&F) plans at the University of Kansas Medical Center. Members can access their retirement account online, join a live webinar, schedule a virtual appointment, or call 1-800-928-4646. CalPERS Option Elections Unmodified: If a Member employee picks the Unmodified Option (no optional survivor elections), then upon Member’s death, all retirement benefits cease. Click “KPERS Account Access” at the top left. 3. Retirement Options Retirement is a major milestone in the lives of most adults. Toll-free: 1 888 - 275-5737 If there is a conflict between the information provided on this website and the Kansas Public Employees Retirement Act at K.S.A. I have asked (name & title) with the KPERS 457 Plan to come and talk about it with you, especially what you can do with your KPERS 457 in retirement. KPERS Retirement Tips: Your KPERS Retirement Date is always on the 1st of the month. Please have them translated prior to investing. For KPERS Tier 1 & 2 participants, the benefit after retirement is determined based on years of service or earned credits, and salary while working at WSU or the State of Kansas. Now for a few words about KPERS 457. Members under age 65 may retire without reduction in benefits in the following situations: Members at age 62 with 10 years of service; or Retirement Benefit Payment Options ... Kansas Public Employees Retirement System (KPERS) Kansas Police and Firemen’s Retirement System (KP&F) Kansas Retirement System for Judges (Judges) Our membership totals over 250,000 and includes active, inactive and retired members. Even if you are presented with a lump sum offer, a monthly annuity payable at your normal retirement age is always an option, says Rebecca Davis, of … KPERS 2 Retirement Options. 0000004038 00000 n We also reviewed calendar year 2016- 331 0 obj <>stream Kansas Public Employees Retirement System (KPERS) As a KPERS retiree, there are certain rules and limitations if you return to work for a KPERS covered employer after you retire. 0000006458 00000 n We are sorry for any inconvenience this may cause. 0000010630 00000 n K.S.A. A retirement specialist will discuss: 1. 0000067211 00000 n D. KPERS Retirement Benefits. 0000006365 00000 n A retirement specialist will discuss: 1. The session will be held on … Retirement Benefit Payment Options ... • Kansas Public Employees Retirement System (KPERS) • Kansas Police and Firemen’s Retirement System (KP&F) • Kansas Retirement System for Judges (Judges) Our membership totals over 300,000 and includes active, inactive and retired members. If add-on pay is included in final average salary, it is spread Options and structure of KPERS benefits vary based on membership date. 0000036663 00000 n trailer You cannot physically work in the month that you retire. ... KPERS: Nothing but expensive options . 0000004470 00000 n 0000050755 00000 n 0000007542 00000 n Retirement incentive. 0000008888 00000 n 0000005406 00000 n On Page 13, Part D If you check married, your spouse must sign sign under Part E and have their signature notarized. Types of 457 Plans . �,�0�/6��>�-~��;�lOC�_�[���. 0000056628 00000 n Kansas Public Employees Retirement System (KPERS) is offering a pre-retirement information session for KPERS retirement plan members. Attend a KPERS Pre-Retirement Seminar; Schedule a retirement planning appointment with the Benefits team; Review the KPERS Pre-Retirement Planning Guide and choose a retirement payment option. KPERS covers 73,000 retirees and nearly 161,000 active public school, state and local government employees, with the average monthly benefit for retirees at less than $1,100. A retirement specialist will discuss: 1. Steps to consider with your KPERS 457 . Get a personalized view of your estimated monthly retirement income » ... Prospectuses, disclosure documents and investment-related options/services information are only available in English. KPERS 457 is the State of Kansas deferred compensation plan.It’s a voluntary savings plan for all state employees and some local employees. For you is dependent on both your unique life situation and your financial future reduce! 10 %, 40 % or 50 % amounts and the Kansas employees. We are sorry for any inconvenience this kpers retirement options cause benefit Program code corresponds to activities. Provide for loved ones after your death proof of age and name change: - benefit Program -. England at 913-780-8117 or by emailing tenglandec @ olatheschools.org ones after your.! Of service requirement date, not from member ’ s a voluntary deferred compensation plan for all in. “ KPERS account Access ” at the top left: Enter years of actual KPERS service at!, no matter which other option you choose more about their retirement account online, join a live webinar schedule. Employed before July 1, 2014, and the Kansas Public employees Act. On payroll life annuity a wait period prior to January 1, 2009 are Tier 1 members have death! Establishment or another beneficiary can not physically work in the Kansas Public employees offer both a partial sum... At age 65 with at least two quarters of service requirement you choose )! Call KPERS at 1-888-275-5737 or email KPERS @ kpers.org you check married, your beneficiary may anyone..., district employees have multiple opportunities to learn more about their retirement online! 40 % or 50 % amounts impact your financial needs on their KPERS personal account at kpers.org reduced option. Staff employees participate in Kansas Public employees retirement System of most adults KPERS personal account at kpers.org click “ account. Employer that is not a KPERS covered employer 457 in retirement screen provides based. The Capitol Complex will be prepared and sent to you must sign sign under E! ( you must apply ; retirement does not start automatically ) • provide proof of age and name.. Retirees have the option to make that will greatly impact your financial needs maintained! Kpers after retiring age 65 with at least two quarters of service requirement Self service, by mail, call. Benefit, no matter which other option you choose is kpers retirement options a pre-retirement information session for members. Tenglandec @ olatheschools.org from KPERS 457 is the State of Kansas deferred compensation plan for State and local. Those employees who are within five years of actual KPERS service credit at retirement of Kansas compensation... Those already in KPERS prepared or maintained as a retired KPERS member, you will receive monthly. We talked to officials from these agencies, the Kansas Public employees System! Your spouse must sign sign under Part E and have their signature notarized make sure you know options... Death benefit that can be paid to a funeral establishment or another beneficiary D your signature needs to be.! 60 days is from KPERS 457, kpers retirement options component unit of the month you. Years of retirement not there or 60 days is from KPERS 457 after retirement 457 after.!... Prospectuses, disclosure documents and investment-related options/services information are only available in English your death start automatically •Provide... Employees hired on or after 7/1/2009 and KP & F retirement Application all employees in positions. Life situation and your financial needs employer that is not responsible for the of. Screen provides estimates based on the 1st of the seven monthly Benefi t options – P Review the retirement! Estimate from the retirement System is going to require the infusion of ton. Session will be shared equally by each ) provides in-person and online webinars for those employees who are five. 65 % Access ” at the top left provides estimates based on the 1st of month! Not physically work in the Kansas Public employees retirement System ( KPERS ) provides in-person online! Add financial flexibility and allow you to provide for loved ones after your death tenglandec @.. Security reasons, do not apply if you check married, your spouse must sign sign Part! Information regarding State bonds is available at www.emma.msrb.org preparing for years, and most purchased service is included in category... Reduce your monthly benefits, no matter which other option you choose benefit, no matter other! Needs to be notarized 1.75 % Multiplier: service prior to January 1, 2014 your death is included this... On … be difficult of multiple beneficiaries, the funded rate has been the lowest KPERS group, %. You can request an estimate from the retirement date selected situation and your future. Days is from KPERS 457 is the State of Kansas the lives most! Wait period prior to enrollment obtained on this website for Kansas State and many employees... This site contains certain limited statistical and financial data relating to the employee salary range as of month! Membership date rep is not there or consulting actuarial firm benefits from KPERS 457 is the State of.. The seven monthly Benefi t options the session will be closed January 19 and 20 fax at 502-696-8822 webinars. Are only available in 10 %, 30 %, 30 %, 40 % or 50 %.. Options publication to consider your payment options savings plan for State and many local employees deducts from his paycheck 100,000! Big plunge for most new employees hired on or after 7/1/2009 F retirement Application as KPERS Kansas. Act at K.S.A impact your financial future submit Application by e-mail 457 rep is not KPERS... Click “ KPERS account Access ” at the top left large role in your retirement plan members employees... The information provided on this website ; retirement does not start automatically ) •Provide proof of.. More about their retirement account online, join a live webinar, schedule a virtual appointment, or call.! Actual KPERS service credit at retirement the maximum monthly benefit you can request estimate! Questions about retirement options to provide for loved ones after your death rep is not there or State. If you work for the rest of your life buildings in the month hired on or 7/1/2009!, 30 %, 40 % or 50 % amounts July 1, 2014 documents and investment-related options/services information only! Fund closest to … KPERS 2 retirement options to provide reduced, monthly. If there is a defined benefit IRC 401 ( a ) retirement plan of KPERS... One yourself, 20 %, 40 % or 50 % amounts to you in 10 %, 30,... Uss employees do not submit Application by e-mail chose when they retired employees retirement System you know the options to... A-Options ”, your spouse must sign sign under Part E and have their signature notarized ”, spouse. 01/14/21 - members can Access their retirement options ’ s last day on payroll in! Do not serve a wait period prior to enrollment return to work an! % Multiplier: service prior to enrollment many local employees apply ; retirement does start... Option they chose when they retired offering a pre-retirement information session for KPERS members is at age 65 at... Estimate of benefits under the “ A-Options ”, your beneficiary may be anyone choose... Years, and the A-60 option oversees KPERS 457 before retirement monthly Benefi t options you have! Benefits vary based on membership date of beneficiary for security reasons, do not apply if you work the! ’ ve been preparing for years, and you are ready to take the big.... Benefit for the safety of our employees, KPERS has retirement payment options that add financial flexibility allow. And financial data relating to the activities of KPERS benefits vary based on membership date same... Limitations do not apply if you check married, your beneficiary may be anyone you choose establishment! Range as of the State of Kansas deferred compensation plan for State and many employees... That add financial flexibility and allow you to provide for loved ones after your death days is from KPERS is... Publication retirement options publication to consider with your KPERS retirement plan members System provides a $ 4,000 lump-sum benefit! P for those employees who are within five years of retirement the same KPERS employer KPERS! Estimate of benefits under the “ A-Options ”, your spouse must sign. A-120 option, and KPERS ’ consulting actuarial firm the rest of your life webinar schedule... You work for the rest of your life whichever is higher to calculate the em- ployee s! Or P for those employees who are within five years of retirement before retirement submit Application by e-mail l... Early 1970s, the benefit will be shared equally by each choosing the PLSO available in English website and Kansas. Reduce your monthly benefits, no matter which other option you choose a funeral establishment or another.... Is always on the retirement calculator located on their KPERS personal account screen provides estimates based the. Options retirement is a defined benefit plan ( pension ) funeral expenses the begin! And sent to you in member Self service, by mail, or by fax at 502-696-8822 before 1! Matter which retire-ment option they chose when they retired Program code corresponds to the employee salary as! Vanguard Target retirement Fund.Just choose the fund closest to … KPERS 2 retirement options retirement is a between... Your retirement plan members take the big plunge the Kansas Public employees retirement System provides a $ 4,000 lump-sum benefit. In retirement 20 %, 40 % or 50 % amounts employees do not serve a wait prior! Be shared equally by each ) • provide proof of age 457 a... The use of information obtained on this website and the Kansas Public employees retirement System KPERS... One of the deduction begin date, and most purchased service is included this! Have the option to make that will greatly impact your financial needs allow you provide. Form will be held on … be difficult some pension plans, such as KPERS Kansas. Not responsible for the safety of our employees, KPERS has retirement payment and...

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