Adjusting certain internal KPERS act statutory references, extending the time for filing administrative appeals and updating provisions relating to compliance with the federal internal revenue code.
What changed between versions
Updated the definition of 'compensation' to explicitly include amounts under specific federal tax code sections (403b, 457, and 125) and clarified exclusions for certain state board payments.
Added a new provision detailing the order of preference for paying benefits to beneficiaries if no named beneficiary survives the member.
Introduced new definitions for 'credited service', 'dependent', 'effective date', 'eligible employer', and 'employee' to clarify eligibility and service calculations.
Adjusted the threshold for excluding compensation increases in final average salary calculations, removing the specific 15% limit language and simplifying the rule.
Corrected section numbering and formatting errors, such as renumbering subsections and fixing page headers.