K.S.A. 74-49,110

There is hereby created the retirant dividend payment reserve in the Kansas public employees retirement fund. Prior to each October 1, the board of trustees of the Kansas public employees retirement system shall credit to the retirant dividend payment reserve an amount equal to the amount required to pay the maximum benefits under K.S.A. 74-49,111 , and amendments thereto, during the current year. Such amounts shall be credited from the retirement benefit accumulation reserve.