Letter: KPERS questions

To the editor:

Is my KPERS retirement money safe? KPERS retiree benefits are safe and guaranteed by Kansas law. A retiree will receive his or her benefit for life, no matter the economic condition. Members who leave employment and withdraw their contributions before retirement will receive the full amount they have contributed, plus interest.

How do I withdraw my money out of the KPERS Retirement System? You can apply to withdraw your contributions plus interest 31 days after your last day on your employer’s payroll, if you have not returned to any covered employment with any participating employer. When you withdraw, you will give up all retirement system rights, benefits and service credit.

What happens if the Kansas state legislature privatizes our public education system? What happens to KPERS? Should investors be concerned? Can KPERS be declared insolvent by our Legislature?