HB2086

Adjusts the Kansas Public Employees Retirement System (KPERS) dividend interest credit by lowering the threshold to 5% and increasing the dividend.

This bill modifies the Kansas Public Employees Retirement System (KPERS) by lowering the dividend interest credit threshold to 5% and increasing the dividend share to 80%. The changes apply to the calculation of additional interest credits based on the member's annuity savings account balance. The dividend is now 75% of the five-year average net compound rate of return on the market value of the system's assets above 5%. The bill also repeals existing sections of the Kansas Statutes Annotated related to these changes.