Only university police officers participate in KP&F. Participants are vested after 15 years of service and may select from various income options at retirement.
Regular retirement is available at these age and service combinations:
Early retirement is available at age 50 with at least 20 years of service credit. A benefit penalty applies to early retirement.
When Eligible: Participation in this retirement plan is mandatory on the first day of employment in a KP&F-covered position.
Who Pays: The employee contributes 7.15% of salary before taxes. The University contributes an amount determined by KP&F to the retirement system. The University contribution is not credited to any specific employee or group of employees.
Policy and Procedures Manual Chapter:
4810 Retirement Plans, Policies and Procedures