SB64

Adjusts internal references, extends administrative appeal time, and updates compliance with federal revenue code in Kansas public employees.

The bill amends the Kansas public employees retirement system to adjust internal references, extend the time for filing administrative appeals, and update provisions relating to compliance with the federal internal revenue code. It modifies the actuarial tables and interest factors used for calculating benefits, updates the definition of compensation, and adjusts the rules for rollover distributions and service credit purchases. The bill also extends the time for filing administrative appeals and updates the provisions for compliance with the federal internal revenue code.