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Only classified employees in KPERS-covered positions participate in KPERS. Participants are vested after 10 years’ participation and may select from various income options at retirement.
Regular retirement is available at these combinations:
Early retirement with reduced benefits is available at age 55 with a minimum of 10 years of credited service.
When Eligible: Participation in this retirement plan is mandaotry after 1 year of employment in a KPERS-covered position. This year may be waived if the employee has an active retirement account with the Kansas Public Employees Retirement Systems or the Kansas Board of Regents mandatory retirement system.
Who Pays: The employee contributes 4% of salary before taxes. The University contributes an amount determined by KPERS. This amount is credited to the retirement system but not to a specific employee or group of employees.
Website: www.kpers.org
Related
KSU
Policy and Procedures Manual Chapter:
4810 Retirement
Plans, Policies and Procedures
