Kan. Stat. Ann. § 74-4986p
Termination events
Kansas · Kansas Statutes Annotated Chapter 74 — State Boards, Commissions and Authorities · Status: effective
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- Citation
- Kan. Stat. Ann. § 74-4986p, Termination events, Kansas, version 1 as recorded 2026-10-04, yourstate.us, https://yourstate.us/provision/2597652
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Full text
(a) A member's participation in the DROP ceases on the occurrence of the earliest of the following:
(1) Termination of the member's active service with a participating employer of the system;
(2) the last day of the member's elected DROP period that begins on the effective date of the member's election to participate in the DROP;
(3) retirement due to disability as defined in K.S.A. 74-4952, and amendments thereto; or
(4) the member's death.
(b) If a member dies before taking a distribution from such member's DROP account, the member's designated beneficiary shall receive a lump-sum payment equal to the member's DROP account balance, including any lump sum credited as provided in K.S.A. 74-4986o(d), and amendments thereto. If the DROP member has not named a beneficiary for such member's DROP account, the amount in the DROP account shall be paid to the beneficiary of the member's retirement benefit.