If you withdraw, you will give up all Retirement System rights, benefits and service credit. Employer contributions made on your behalf stay with the Retirement System. You can receive your contributions and interest as a direct payment to you or roll over the amount into an eligible retirement plan.
How long does it take to get vested in KPERS?
You automatically earn service credit for the years you work in a covered position. After 5 years of service, you are guaranteed a benefit. This is called “vesting.” If you have participated in more than one Retirement System group, you may be able to combine years of service towards vesting.
Can I opt out of KPERS?
If the employee chooses KPERS, do a regular enrollment on the EWP. To opt out of KPERS, employees use a State Officer Retirement Plan Election form (KPERS-3S).
How much do employers contribute to KPERS?
The statutory State/School employer contribution rate for FY 2019 is 13.21%, but $194 million of that contribution will be delayed and paid over 20 years. The employer contribution rate is scheduled to increase to 14.41% for FY 2020.
When can you withdraw KPERS?
31 days
You will return as a KPERS 3 member. You can apply to withdraw your contributions any time 31 days after you end employment. If you withdraw, you will give up all Retirement System rights, benefits and service credit.
How many years of service does it take to get vested in KPERS?
When you are “vested,” it means you have earned enough service credit to guarantee a retirement benefit, even if you leave covered employment. Service credit from different systems can be combined. KPERS 1 and KPERS 2 members vest with five years of service. KP&F Tier I members vest with 20 years of service.
How to check your KPERS contributions at work?
Login to your account to see your total contributions as of December 31 of the past year. Check with your employer for the current year’s amount. Some employers print year-to-date KPERS contributions on your pay notice. State of Kansas employees can review their current year contributions at the online Employee Self-Service Center.
When do you withdraw from the KPERS retirement system?
If you do not withdraw or retire and you return to employment within 5 years, you will immediately become an active member again and keep your service credit. You can apply to withdraw anytime 31 days after you end employment. If you withdraw, you will give up all Retirement System rights, benefits and service credit.
When did the Board of Regents start KPERS?
Active Board of Regents members who have KPERS service and had no break in service. Employees who were in their “year of service” between July 1, 2008, and June 30, 2009, and were still employed on July 1, 2009. Inactive, vested members.
