Kan. Admin. Regs. § 80-5-20 - Partial lump sum option; commencement of monthly benefits

(a) If a member elects a partial lump sum option pursuant to K.S.A. 74-4918(3)(G) and amendments thereto, the member's monthly payments shall commence on the first regular monthly payment date after the system has paid the member the partial lump sum distribution according to the option chosen.

(b) The member's first monthly benefit payment shall include all monthly payments that are due and owing on the date the first monthly payment is made.

Notes

Kan. Admin. Regs. § 80-5-20

Authorized by K.S.A. 2000 Supp. 74-4909; implementing K.S.A. 2000 Supp. 74-4918, as amended by L. 2001, Ch. 209, Sec. 15; effective Nov. 2, 2001.