72-1759a.Phase out of reduction of annuity payments when employeeeligible for paymentsunder social security.(a) Except as otherwise provided in subsection (b), if school employeessubject to this act become subject also to theprovisions of the federal social security act, and amendments thereto, monthlypayments of annuity as otherwise provided herein to employees retiringsubsequent to the first salary or wage deduction for social security taxshall be reduced by the monthly primary insurance amount of socialsecurity benefits, without limitation by reason of excess wage or salaryincome, to which the annuitant is eligible at the time of retirementor on attaining the minimum age required for payments under socialsecurity, whichever is the later. The amount of suchreduction shall not be greater than 1/2 the monthly annuitypayments as provided herein and shall not be greater than $75.The annuitantshall certify to the board ofeducation such information as will determine the social securitybenefits to which the annuitant is eligible. Notwithstanding that anyother provision of this section may be inconsistent herewith, the amountof such monthly annuity payments shall benot less than the amount which, when added to the amount of monthlypayments of service annuity, if any, made to the annuitant from thestate school retirement fund, will equal the amount of service annuitythat would have been payable under the provisions of K.S.A. 72-5518 andamendments thereto ifthe annuitant had been a member of the state school retirement systemand had been credited only with the school service years as otherwiseprovided herein. If the service record of any annuitant results in theeligibility of the board of education for payments from the state schoolretirement fund, the monthly annuity payments to such annuitant asotherwise provided herein shall be not less than the amount of suchstate payments.
(b) Monthly payments of annuity as provided in K.S.A. 72-1758 et seq.and amendments thereto occurringafter the effective date of this act shall be reduced by the monthlyprimary insurance amount of social security benefits as described insubsection (a) in an amount that shall not be greater than 1/2 the monthlyannuity payment as provided in K.S.A. 72-1758 et seq. and amendmentsthereto and shall not be greater than $65 during the period commencing July1, 1990, and ending June 30, 1991; $55 during the period commencing July 1,1991, and ending June 30, 1992; $45 during the period commencing July 1,1992, and ending June 30, 1993; $35 during the period commencing July 1,1993, and ending June 30, 1994; $25 during the period commencing July 1,1994 and ending June 30, 1995; and $15 during the period commencing July 1,1995, and ending June 30, 1996. Commencing July 1, 1996, there shall be noreduction in monthly payments of annuity as a result of the school employeereceiving any primary insurance social security benefits.
History: L. 1955, ch. 317, § 2; L. 1963, ch. 361, § 1; L.1967, ch. 384, § 1; L. 1968, ch. 280, § 2; L. 1981, ch. 281, § 1;L. 1990, ch. 282, § 28; July 1.
72-1759a.Phase out of reduction of annuity payments when employeeeligible for paymentsunder social security.(a) Except as otherwise provided in subsection (b), if school employeessubject to this act become subject also to theprovisions of the federal social security act, and amendments thereto, monthlypayments of annuity as otherwise provided herein to employees retiringsubsequent to the first salary or wage deduction for social security taxshall be reduced by the monthly primary insurance amount of socialsecurity benefits, without limitation by reason of excess wage or salaryincome, to which the annuitant is eligible at the time of retirementor on attaining the minimum age required for payments under socialsecurity, whichever is the later. The amount of suchreduction shall not be greater than 1/2 the monthly annuitypayments as provided herein and shall not be greater than $75.The annuitantshall certify to the board ofeducation such information as will determine the social securitybenefits to which the annuitant is eligible. Notwithstanding that anyother provision of this section may be inconsistent herewith, the amountof such monthly annuity payments shall benot less than the amount which, when added to the amount of monthlypayments of service annuity, if any, made to the annuitant from thestate school retirement fund, will equal the amount of service annuitythat would have been payable under the provisions of K.S.A. 72-5518 andamendments thereto ifthe annuitant had been a member of the state school retirement systemand had been credited only with the school service years as otherwiseprovided herein. If the service record of any annuitant results in theeligibility of the board of education for payments from the state schoolretirement fund, the monthly annuity payments to such annuitant asotherwise provided herein shall be not less than the amount of suchstate payments.
(b) Monthly payments of annuity as provided in K.S.A. 72-1758 et seq.and amendments thereto occurringafter the effective date of this act shall be reduced by the monthlyprimary insurance amount of social security benefits as described insubsection (a) in an amount that shall not be greater than 1/2 the monthlyannuity payment as provided in K.S.A. 72-1758 et seq. and amendmentsthereto and shall not be greater than $65 during the period commencing July1, 1990, and ending June 30, 1991; $55 during the period commencing July 1,1991, and ending June 30, 1992; $45 during the period commencing July 1,1992, and ending June 30, 1993; $35 during the period commencing July 1,1993, and ending June 30, 1994; $25 during the period commencing July 1,1994 and ending June 30, 1995; and $15 during the period commencing July 1,1995, and ending June 30, 1996. Commencing July 1, 1996, there shall be noreduction in monthly payments of annuity as a result of the school employeereceiving any primary insurance social security benefits.
History: L. 1955, ch. 317, § 2; L. 1963, ch. 361, § 1; L.1967, ch. 384, § 1; L. 1968, ch. 280, § 2; L. 1981, ch. 281, § 1;L. 1990, ch. 282, § 28; July 1.
72-1759a.Phase out of reduction of annuity payments when employeeeligible for paymentsunder social security.(a) Except as otherwise provided in subsection (b), if school employeessubject to this act become subject also to theprovisions of the federal social security act, and amendments thereto, monthlypayments of annuity as otherwise provided herein to employees retiringsubsequent to the first salary or wage deduction for social security taxshall be reduced by the monthly primary insurance amount of socialsecurity benefits, without limitation by reason of excess wage or salaryincome, to which the annuitant is eligible at the time of retirementor on attaining the minimum age required for payments under socialsecurity, whichever is the later. The amount of suchreduction shall not be greater than 1/2 the monthly annuitypayments as provided herein and shall not be greater than $75.The annuitantshall certify to the board ofeducation such information as will determine the social securitybenefits to which the annuitant is eligible. Notwithstanding that anyother provision of this section may be inconsistent herewith, the amountof such monthly annuity payments shall benot less than the amount which, when added to the amount of monthlypayments of service annuity, if any, made to the annuitant from thestate school retirement fund, will equal the amount of service annuitythat would have been payable under the provisions of K.S.A. 72-5518 andamendments thereto ifthe annuitant had been a member of the state school retirement systemand had been credited only with the school service years as otherwiseprovided herein. If the service record of any annuitant results in theeligibility of the board of education for payments from the state schoolretirement fund, the monthly annuity payments to such annuitant asotherwise provided herein shall be not less than the amount of suchstate payments.
(b) Monthly payments of annuity as provided in K.S.A. 72-1758 et seq.and amendments thereto occurringafter the effective date of this act shall be reduced by the monthlyprimary insurance amount of social security benefits as described insubsection (a) in an amount that shall not be greater than 1/2 the monthlyannuity payment as provided in K.S.A. 72-1758 et seq. and amendmentsthereto and shall not be greater than $65 during the period commencing July1, 1990, and ending June 30, 1991; $55 during the period commencing July 1,1991, and ending June 30, 1992; $45 during the period commencing July 1,1992, and ending June 30, 1993; $35 during the period commencing July 1,1993, and ending June 30, 1994; $25 during the period commencing July 1,1994 and ending June 30, 1995; and $15 during the period commencing July 1,1995, and ending June 30, 1996. Commencing July 1, 1996, there shall be noreduction in monthly payments of annuity as a result of the school employeereceiving any primary insurance social security benefits.
History: L. 1955, ch. 317, § 2; L. 1963, ch. 361, § 1; L.1967, ch. 384, § 1; L. 1968, ch. 280, § 2; L. 1981, ch. 281, § 1;L. 1990, ch. 282, § 28; July 1.
