SB202

Transfers teachers from the KPERS 3 cash balance plan to the KPERS 2 plan and defines teachers for KPERS purposes.

This bill transfers teachers from the Kansas Public Employees Retirement System 3 cash balance plan to the KPERS 2 plan. It defines teachers for KPERS purposes and specifies that teachers first employed on or after July 1, 2025, will be members of the KPERS 2 plan. On January 1, 2026, all active and inactive teacher members enrolled in the KPERS 3 plan will have their membership transferred to the KPERS 2 plan. The transfer ensures that teachers retain all rights and benefits, with no reduction in benefits.