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'
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|
Policy and Procedures Manual Chapter:
4810 Retirement Plans, Policies and Procedures