2006 Kansas Code - 74-4917a

      74-4917a.   Payment by system of taxable portion of lump-sum benefit payments or other nonperiodic distributions to certain entities. (1) To the extent required by the federal internal revenue code, the system, at the request of any member or member's spouse who is entitled to receive a lump-sum benefit or other nonperiodic distribution, shall pay the designated amount of the taxable portion of the lump-sum benefit or other nonperiodic distribution to be received directly to any entity that: (a) Is designated in writing by that person; (b) is qualified under the federal internal revenue code to accept an eligible rollover distribution from a qualified plan; and (c) has agreed to accept the distribution. For purposes of this section, "system" means the Kansas public employees retirement system, Kansas police and firemen's retirement system and the retirement system for judges.

      (2)   The provisions of this section shall take effect on and after January 1, 1993.

      History:   L. 1994, ch. 293, § 31; L. 1998, ch. 64, § 35; July 1.