The purpose of this act is to provide an orderly means whereby employees of the participating employers who have attained retirement age as herein set forth may be retired from active service without prejudice and without inflicting a hardship upon the employees retired and to enable such employees to accumulate reserves for themselves and their dependents to provide for old age, death and termination of employment, and for the purpose of effecting economy and efficiency in the administration of governmental affairs.
K.S.A. 74-4901
Purpose of act
Applied in 1 court decision — leading case Kansas Public Employees Retirement System v. BOATMEN'S FIRST NAT. BANK CITY OF KANSAS (1997)
Most recently applied in Kansas Public Employees Retirement System v. BOATMEN'S FIRST NAT. BANK CITY OF KANSAS (October 1997)
L. 1961, ch. 427, § 1; April 22.
Official source: Kansas Office of Revisor of Statutes. Reproduced from public-domain Kansas statutes; confirm against the official source for the current text. Not legal advice.