The city is not a part of the KPERS.Īshley said the city can still go with KP&F for first responders. The present plans are with Mission Square Retirement, a non-profit corporation providing public sector retirement plans. This comes to 20 cents on every $100 spent, raising an estimated $755,000 each year with no sunset. So, to improve this, the city sought the sales tax. However, first responder retirement needs are unique, with more limitations on how long they can work, city officials said. “Basically, it is under the KPERS umbrella,” Ashley said of KP&F.Ĭurrently, the city provides a 401K retirement plan for all employees, including policemen and firefighters. Council members asked numerous questions, and several police officers and firefighters gave appeals for the city to adopt the KP&F. Paige Ashley with the Kansas Public Employee Retirement System addressed the council via Zoom, giving an overview of KPERS’s Kansas Police and Fire pension plan. Should the city move to KF&F, that wouldn’t happen until January 2023. There is no timeline to make a decision, City Administrator Kendal Francis said. “And there’s a lot of things to put into this and it all boils down to money. “We’ve talked about this and I know this will be a deep conversation for all of us,” the mayor said. He strongly suggested the interested parties return as well and keep an open mind. “So we’re definitely going to hear all sides of this,” Schmidt said.
20 meeting, the council will delve into the pros and cons of the current police and fire retirement packages.
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