SB238

Kansas SB238 provides a postretirement cost-of-living adjustment for certain KPERS 1 and KPERS 2 retirants and makes appropriations for fiscal year.

Kansas SB238 provides a postretirement cost-of-living adjustment for certain KPERS 1 and KPERS 2 retirants. The bill specifies a percentage increase based on the retiree's date of retirement, ranging from 1% to 5%. It also appropriates $136,400,000 for fiscal year 2026 to cover the actuarial cost of these adjustments. The bill defines terms such as "insured disability benefit recipient," "retirement system," and "retirant." It supplements the Kansas Statutes Annotated and takes effect upon publication in the statute book.