Summary of Chief Features of 1941 Bill

. All school employees become subject to a levy of 4% upon each
salary check after September 1, 1941, except those now covered
by local retirement systems.

School employees who are aged 65 or more, and who have es-
tablished records of twenty years or more of service in Kansas
public schools, are eligible for modest service annuities begin-
ning in January, 1942. Younger persons with similar records
will become eligible for service annuities when they attain
age 65.

. Young employees who serve less than five years will receive,
upon request, a refund of all the four per cent salary assess-
ments paid into the system with accumulated interest. Others
who in the future discontinue school employment before attain-
ing age 65 will receive deferred annuities following the prece-
dent of the national social security plan.

. The 1941 bill offers two major protections in the form of mini-
mum annuities. The minimum annuity for any teacher with a
twenty-year service record is $120. The minimum annuity for
a teacher with a thirty-year service record is one-third of her
average salary for the last ten years of service. Those who
serve less than thirty years, but more than twenty years will
be guaranteed a fractional part of the one-third average salary.
For example, the teacher with twenty-five years’ service will
receive twenty-five-thirtieths of the guarantee of one-third
of the average salary.

. Retirement is set up as a state function to be managed by a
State Retirement Board of which the State Treasurer is to be
treasurer. Local schools and local school boards will have no
connection with the plan except to make reports and to forward
deductions from salaries.

Membership is compulsory for all concerned as is the case in
the vast national social security plan. (Only teachers, and in
the case of Kansas City all school employees, who are members
of local retirement systems are excluded. These systems are
permitted to join the state system by local action if they so
desire.)

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