(1) Any judge, who first became a member of the retirement system for judges after
attaining age 60 years, may elect to purchase additional benefits for service credit
under the retirement system for judges. In no case shall a judge be entitled to purchase additional benefits as provided in
this section if the judge's number of years of credited service and number of years
of service credit purchased as provided in this section exceeds 15 years. The benefit for each such year of service credit purchased as provided in this section
shall be as provided in K.S.A. 20-2610, and amendments thereto. Such benefit shall be based on the annual compensation of such judge at the time the
judge purchases such additional benefits. Subject to the provisions of K.S.A. 74-49,123, and amendments thereto, such member may purchase such additional benefits by making
application therefor prior to date of retirement and making a single lump-sum payment
representing the amount that a judge would normally contribute under the system had
the years of service credit purchased by the judge as provided in this section actually
been years of credited service. Such lump-sum payment shall be based on an amount equal to the then present value
of the benefits being purchased as determined by the actuary using the judge's attained
age, annual compensation at the time of purchase and the actuarial assumptions and
tables then in use by this system. The lump-sum payment shall be made on the date specified by the board.
(2) The provisions of this section shall take effect on and after July 1, 1994.
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