Enacting the Kansas retirement investment and savings plan (KRISP) act and establishing terms, conditions, requirements, membership elections, accounts, benefits, contributions and distributions related to such plan.

Summary

The bill would have set up the Kansas Retirement Investment and Savings Plan (KRISP) for state and local public employees hired on or after July 1 2027, adding a defined‑contribution component and a Roth contribution option to the existing pension system. It directs a board to run the plan, requires employers to fund it based on yearly actuarial calculations, and allows the state to loan money for startup costs. The measure died in committee and never became law.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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