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Code · Kansas · Chapter 74 — State Boards, Commissions And Authorities

74-49,305.

77 words·~1 min read·/ks/chapter-74/74-49-62

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

74-49,305. Member contributions.
(a)An active member shall contribute 6% of compensation to such member's annuity savings account. Such contributions shall be picked up by the employer via a salary reduction as provided in section 414(h)(2) of the federal internal revenue code. An employer may not pick up these contributions without a corresponding salary reduction as provided in section 414(h)(2) of the federal internal revenue code.
(b)A member may not make voluntary contributions to the plan.
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