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SHARP Message #735


Date

7/16/08

Author

HR

Subject

KPERS Change

Message Text:

 

The Kansas Public Employees Retirement System recently sent all KPERS Designated Agents a message regarding changes to the retirement plan that affect employees hired between July 1, 2008 and June 30, 2009. In part, the message explained that these employees will become members on July 1, 2009, no matter when they are hired.

However, since July 1, 2009 does not fall at the beginning of a pay period, KPERS has clarified that contributions for these employees should begin with the first day of the first payroll period beginning on or after July 1, 2009. For employees hired between July 1, 2008 and June 30, 2009 use July 12, 2009. For employees first employed on July 1, 2009, or later use their first day of employment as the effective date.

As an FYI, the KPERS message follows:

“We have posted a new flyer to our web site for you to give to new employees hired between July 1, 2008, and June 30, 2009, in KPERS-eligible positions.

While they will have the current benefits, their “year of service” will be affected by the transition to the new tier of benefits. Employees in this group will become members July 1, 2009, no matter when they are hired.

You can download your own copies or order printed flyers from us.

http://www.kpers.org/publications.htm

It is #7 on the “Recent Publications” list at the top and will permanently be located under employer publications.”