---

Session of 2000
          HOUSE BILL No. 2612           By Representative Campbell           1-10          

---

10             AN  ACT concerning retirement; relating to the Kansas police and fire-
11             men's retirement system; election for certain retirement coverage;
12             amending K.S.A. 1999 Supp. 74-4955a and repealing the existing
13             section.
14      
15       Be it enacted by the Legislature of the State of Kansas:
16             Section  1. K.S.A. 1999 Supp. 74-4955a is hereby amended to read
17       as follows: 74-4955a. (1) Except as provided in subsection (4), each mem-
18       ber of the system who was appointed or employed prior to July 1, 1989,
19       may elect to be covered by the provisions of K.S.A. 74-4957a, 74-4958a,
20       74-4960a, 74-4963a and 74-4964a, and amendments thereto, on the first
21       day of the first payroll period of such member coinciding with or following
22       the receipt of such election in the office of the retirement system, only
23       by filing with the board of trustees of the system prior to January 1, 1990,
24       a written election to be covered by such provisions. Failure to file such
25       written election shall be presumed to be an election not to be covered
26       by such provisions. Such election, whether to become a member or not
27       to become a member, shall be irrevocable.
28             (2) Each person appointed or employed on or after July 1, 1989, shall
29       be covered by the provisions of K.S.A. 74-4957a, 74-4958a, 74-4960a, 74-
30       4963a and 74-4964a, and amendments thereto.
31             (3) The provisions of this section shall be effective on and after July
32       1, 1989.
33             (4) Each member of the system who was appointed or employed prior
34       to July 1, 1989, and who did not elect to be covered by the provisions
35       specified in subsection (1) prior to January 1, 1990, may elect to be cov-
36       ered by such provisions by filing a written election as provided in sub-
37       section (1) during the period commencing July 1, 1990, and ending Sep-
38       tember 30, 1990.
39             (5) Except as provided in this subsection, each member of the system
40       who was appointed or employed prior to July 1, 1989, and who did not
41       elect to be covered by the provisions specified in subsection (1) as pro-
42       vided in this section, may elect to be covered by such provisions by filing
43       a written election as provided in subsection (1). The provisions of this

2
  1       subsection shall take effect on and after the date the system receives a
  2       private letter ruling from the internal revenue service that the provisions
  3       of this subsection do not contravene federal law. The period of such
  4       election as provided by this subsection shall commence on the date of
  5       receipt by the system of such private letter ruling October 22, 1999, and
  6       shall end 90 days thereafter on May 19, 2000. Any member who elects
  7       as provided by this subsection shall pay the cost of such election by means
  8       of a single lump-sum payment in an amount equal to the then present
  9       value of the benefits being purchased as determined by the actuary using
10       the member's attained age, annual compensation at the time of the pur-
11       chase and the actuarial assumptions and tables then in use by the system. 
12       Sec.  2. K.S.A. 1999 Supp. 74-4955a is hereby repealed.
13        Sec.  3. This act shall take effect and be in force from and after its
14       publication in the Kansas register.