12-5006. Rate of employer contributions for members and special members of KP&F system under 12-5003, 12-5005 or 74-4955.
12-5006
12-5006. Rate of employer contributions for members and special
members of KP&F system under 12-5003, 12-5005 or 74-4955.
(a) Employer contributions for active members of local police or fire
pension plans who become members of the Kansas police or firemen's
retirement system under K.S.A. 12-5003 or 74-4955 and for active members
of such plans who become special members
of said system under K.S.A. 12-5005, shall be determined,
certified, appropriated and paid to said system as provided in K.S.A.
74-4967, except that in determining the employer's prior service
contribution the board, upon the recommendation of the actuary, shall
include an amount to cover all liabilities (1) which shall have accrued
at the time of entry into said system relating to members who become
members under K.S.A. 12-5003 or 74-4955,
and (2) which will be incurred relating to all special members who
become special members under K.S.A. 12-5005. The foregoing
liabilities of the employer shall be added to any accrued liability
under the Kansas police and firemen's retirement system as the same may
exist on the day immediately preceding the entry date of the employer
for purposes of all such members and special members, and shall be
amortized over the balance of the period heretofore established to
amortize such employer accrued liability of the employer. The actuary
may recommend and the board may approve a plan of paying the employer's
total obligation by an annual level amount necessary to maintain the
actuarial reserve integrity of the Kansas public employees retirement
fund, or by an annual rate of employer contribution, or by a combination
of both.
(b) The employer rate of contribution for each such employer shall
apply to the amount of compensation on which members who become members
under K.S.A. 12-5003 or 74-4955 and on which special members who become
special members under subsection (a) of K.S.A. 12-5005 contribute. During
the first fiscal year
after entry date of the employer for purposes of all such members and
special members, the rate shall be the same as heretofore certified by
the board for any such employer who was affiliated with the Kansas
police and firemen's retirement system prior to July 1, 1976, for such
period.
History: L. 1976, ch. 348, § 6; July 1.