Acta Kansas

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SB435: Providing procedures, standards and requirements for the deposit and investment of public moneys, creating the public moneys fee fund and authorizing the state treasurer to assess a fee to operate the public moneys pooled method, making and concerning appropriations for fiscal year 2027 for the office of the state treasurer, authorizing a certain transfer from the state general fund to the public moneys fee fund, modifying investment standards for the board of trustees of the Kansas public employees retirement system of moneys certified by the state treasurer as equivalent to the aggregate net amount received for unclaimed property and authorizing investments in certain foreign governments and the KPERS board of trustees to elect the vice chairperson of the board, requiring newly affiliated KP&F employers to contribute at the actuarial required rate for past and future service and repealing certain working after retirement statutes for state and local elected officials.

Passed BothSenate
Introduced
In Committee
Passed Chamber
Passed Both
Signed

Plain-Language Summary

This bill allows the KPERS board of trustees to elect a vice chairperson and requires some employers to contribute more money for past and future employee service. It also changes rules about state and local officials working after retirement.

Who This Affects

This affects newly affiliated KP&F employers, who will need to pay more money for their employees' past and future service. State and local elected officials may have different rules about working after they retire.

Key Provisions

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Timeline

Introduced

Sunday, February 1, 2026

Last Action

Senate Approved by Governor on Thursday, April 9, 2026

Apr 8, 2026

Sponsors

No sponsors listed.

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