Classified employees in KPERS-covered positions participate in KPERS. Participation in KPERS retirement is mandatory at date of hire into a KPERS covered position.
| Tier I | Tier II | |
|---|---|---|
| Member Date | Contributing members on 7/1/2009 | Employees first employed on or after 7/1/2009 |
| Vested employees who return to work | Active members who return to employment on/after 7/1/2009 | |
| Employees in "year of service" 7/1/2008-6/30/2009 and are still employed | Former members who withdrew and begin new membership 7/1/2009 or after | |
| Vesting | 5 years' contributions | 5 years' contributions |
| Contributions by Employees | 4% of gross pay | 6% of gross pay |
| Full Retirement Eligibility | Age 65 plus 1 years'
contributions Age 62 plus 10 years' contributions 85 points (age plus contributions) | Age 65 plus 5 years' service age 60 plus 30 years' service |
| Early Retirement Eligibility | Age 55 plus 10 years' contributions with reduction in benefits | Age 55 plus 10 years' service with reduction in benefits |
Website: www.kpers.org
Related KSU
Policy and Procedures Manual Chapter:
4810 Retirement
Plans, Policies and Procedures