2016 Kansas Statutes
Chapter 74 STATE BOARDS, COMMISSIONS AND AUTHORITIES
Article 49 PUBLIC EMPLOYEES RETIREMENT SYSTEMS
74-49,309 Forfeiture of certain credits upon termination of plan membership in certain circumstances.
74-49,309. Forfeiture of certain credits upon termination of plan membership in certain circumstances. If the member's retirement annuity account is not vested upon the member's termination of plan membership, as provided in K.S.A. 2016 Supp. 74-49,312, and amendments thereto, the member's service credit, employer credits and interest credits are forfeited as provided in K.S.A. 2016 Supp. 74-49,312, and amendments thereto. If the member's retirement annuity account is vested upon the member's termination of plan membership, as provided in K.S.A. 2016 Supp. 74-49,312, and amendments thereto, but the member dies prior to attaining normal retirement age without a spouse eligible for the retirement annuity account under K.S.A. 2016 Supp. 74-49,313, and amendments thereto, the employer credits and interest credits are forfeited. Forfeitures may not be used to increase a member's account.
History: L. 2012, ch. 171, § 9; July 1.
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