Retirement Benefits
KPERS
Kansas Public Employees Retirement System (KPERS) Pension Plan All district employees who work in KPERS covered positions are members of the Kansas Public Employees Retirement System (KPERS). Kansas law requires that all eligible employees must become members. As an active member you contribute a percentage of your gross earnings. The KPERS website has valuable information regarding your KPERS membership. Links to all KPERS publications and forms are online for members and retirees. You can review your benefits as a member of KPERS and the retirement benefits you are accruing. KPERS also has an online “Retirement Estimate Calculator” you can use to calculate your retirement benefits. To get the best possible estimate results have your latest KPERS Annual Statement available to enter years of service and salary information.
KPERS 1 Benefits Members hired before July 1, 2009 Contribution Amount: As a KPERS 1 member you contribute 6% of your income (5% for 2014 and 4% for 2013 and before). Earning Interest: If you became a member before July 1, 1993, your contributions earn 7.75% interest. On or after July 1, 1993, your contributions earn 4% interest. KPERS 2 Benefits Members hired July 1, 2009 through December 31, 2014 Contribution Amount: As a KPERS 2 member you contribute 6% of your income. Earning Interest: Your contributions earn 4% interest.
KPERS 3 Benefits Members hired January 1, 2015 and after Contribution Amount: As a KPERS 3 member you contribute 6% of your income. Earning Interest: Your contributions earn 4% interest (quarterly). There is also a possibility of additional interest, depending on KPER’s investment returns. Your Retirement Credits You earn retirement credits while working. They are based on a percentage of your pay and the number of years you’ve worked. You receive these credits quarterly and your annual credit rate increases the longer you work. They can only be used at retirement.
Years You’ve Worked < 5 years 5-11 years 12-23 years 24+ years
Annual Credit Rate 3% of your pay 4% of your pay 5% of your pay 6% of your pay
NOTE: Kansas law does not allow you to borrow from your contributions
Employee Benefits Guide - 25
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