Kansas proposal would raise eligible retirees’ monthly pension payments

The proposal would increase eligible monthly retirement payments by 1% to 5%, based on retirement date. It covers people receiving a retirement system payment on July 1, 2025, who have been retired for at least 10 years, their joint annuitants or beneficiaries, and insured disability benefit recipients. Earlier retirement dates qualify for higher percentages, from 1% to 5%. The increase would be capped at $100 per month. The bill proposes $136.4 million from the state general fund to pay the retirement system’s actuarial cost for the adjustment. The proposed increases would apply to payments accruing after June 30, 2025. The bill would take effect after publication in the statute book.