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SB238: Providing a postretirement cost-of-living adjustment for certain KPERS 1 and KPERS 2 retirants and making appropriations for fiscal year 2026 for KPERS to pay the actuarial cost of such cost-of-living adjustment.
IntroducedSenate
Introduced
In Committee
Passed Chamber
Passed Both
Signed
Plain-Language Summary
This bill proposes a cost-of-living adjustment for certain KPERS retirees. This means their retirement benefits would increase to keep up with inflation.
Who This Affects
The affected Kansans are KPERS 1 and KPERS 2 retirees who receive a pension. They would see an increase in their monthly payments.
Key Provisions
• Provides a postretirement cost-of-living adjustment for certain KPERS 1 and KPERS 2 retirants
• Makes appropriations for fiscal year 2026 to pay the actuarial cost of this adjustment
• Affects KPERS retirees who receive a pension, specifically those in KPERS 1 and KPERS 2
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Timeline
Introduced
Wednesday, February 5, 2025
Last Action
Senate Referred to Committee on Financial Institutions and Insurance
Feb 6, 2025
Sponsors
No sponsors listed.
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