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HB2086: Adjusting the KPERS 3 dividend interest credit by lowering the dividend interest credit threshold to 5% and increasing the dividend share to 80%.
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Introduced
In Committee
Passed Chamber
Passed Both
Signed
Plain-Language Summary
This bill changes how KPERS (Kansas Public Employees Retirement System) calculates interest credits for some retirees. It lowers the threshold to receive these credits and increases the share of the credit.
Who This Affects
Retirees who are part of KPERS 3 will be affected, potentially receiving more interest credits on their pensions.
Key Provisions
• Lowering the dividend interest credit threshold to 5%
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Timeline
Introduced
Wednesday, January 22, 2025
Last Action
Senate Hearing: Thursday, March 6, 2025, 9:30 AM Room 546-S
Mar 5, 2025
Sponsors
No sponsors listed.
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