Kan. Admin. Regs. § 80-5-22 - Partial lump sum option; actuarial assumptions used in calculating partial lump sum distribution

If a member elects a partial lump sum option pursuant to K.S.A. 74-4918(3)(G) and amendments thereto, the assumptions used in establishing the actuarial present value of the benefit shall consist of the following:

(a) An assumed annual investment return of eight percent, compounded annually; and

(b) mortality rates in the "mortality table" adopted by the KPERS board of trustees on January 19, 2001, which is hereby adopted by reference.

Notes

Kan. Admin. Regs. § 80-5-22

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.