How do I access my KPERS account?
After enrollment, you can login anytime with a user ID and password. Go to www.kpers.org and click Member Account Access.
What age can you retire with KPERS?
age 55
You can retire at age 55 with 10 years of service, even without 85 points. 0.2% reduction for each month you are between age 60 and 62. Correctional members may be eligible to retire earlier than regular KPERS members.
Is KPERS a lifetime benefit?
When you are eligible for retirement, KPERS will pay you a lifetime monthly benefit based on your account balance and your retirement credits. Membership is mandatory.
How is final average salary calculated for KPERS?
average salary is the higher of: A three-year salary average excluding additional compensation. * This three-year average is based on the employee’s three highest years of pay during his or her career. They do not have to be continuous years. A four-year salary average including additional compensation.
When can a Kansas teacher retire?
65 years of age
New teachers starting out in Kansas can retire with their full benefits when they reach 65 years of age and have accrued at least five years of service, or when they reach 60 years of age and have accrued at least 30 years of service.
What is a KPERS account?
KPERS is a state-wide defined benefit retirement plan that provides a monthly benefit upon your retirement. Eligible JCCC employees are required to participate in KPERS.
What is full retirement age in Kansas?
Currently, the full benefit age is 66 years and 2 months for people born in 1955, and it will gradually rise to 67 for those born in 1960 or later. Early retirement benefits will continue to be available at age 62, but they will be reduced more.
Can I cash out my KPERS?
Withdrawal Options & Process You can apply to withdraw anytime 31 days after you end employment. If you withdraw, you will give up all Retirement System rights, benefits and service credit. Employer contributions made on your behalf stay with the Retirement System.
What are full benefits from KPERS?
As a member of KPERS and KPERS Correctional you have basic life insurance, death benefits, disability benefits and possibly optional group life insurance.
Is KPERS a pension?
KPERS is a qualified 401(a) defined benefit pension plan under the Internal Revenue Code.
At what age can you retire in Kansas?
Do Kansas teachers get social security?
The benefits teachers receive in Kansas are lower, in part because Kansas teachers are eligible for Social Security. For newer employees, the state offers a “cash balance” program.