House Bill 2333
House Bill 2333 would raise the age of retirement for Tier I KPERS members. Under current law, Tier I member retirement eligibility is based upon the “85 point rule,” which provides one point for each year of age of a member plus one point for each year of public employment service. Under House Bill 2333, the 85-point rule would be amended to become the 95-point rule, adding, depending on the birthdate of the member, five (5) years of requirement service before becoming eligible to retire from KPERS.
On March 4, 2011, KPERS Executive Director Glenn Deck presented testimony in response to an inquiry by the House Pensions and
Benefits Committee regarding the impact of HB 2333 on the KPERS unfunded actuarial liability (UAL).
House Bill 2333 is a failure to keep the promise to Kansas’ public employees — teachers, police, firefighters, transportation workers, corrections officers. Those who have worked for years with the promise to retire upon reaching 85 points would be forced under House Bill 2333 to work an addition five, and sometimes six, years.