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Current as of January 01, 2025 | Updated by Findlaw Staff
(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.
Cite this article: FindLaw.com - Kansas Statutes Chapter 74. State Boards, Commissions and Authorities § 74-49,305. Member contributions - last updated January 01, 2025 | https://codes.findlaw.com/ks/chapter-74-state-boards-commissions-and-authorities/ks-st-sect-74-49-305/
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