Information for Your Auditor (July 2013)

The updated information on KPERS and KP&F that the auditors need for note disclosure in the audit follows:

Local non-school-type Municipalities that participate in KPERS and/or KP&F

• KPERS employer rate established by statutes for January 1, 2013 to December 31, 2013 is 8.94%*.
• For local non-school-type municipalities that hire a KPERS retiree who retired from a different KPERS employer, the employer rate is 13.43% for the period of January 1, 2013 to December 31, 2013 and the waiting period is 60 days.
• KP&F uniform participating employer rate established by statute for fiscal years commencing in calendar year 2012 is 16.54%. The rate for fiscal years commencing in calendar year 2013 is 17.26%
• KP&F uniform participating employer rate established by statute for fiscal years commencing in calendar year 2010 is 12.86%. The rate for fiscal years commencing in calendar year 2011 is 14.57%
• Note: Employers might pay more than the uniform rate established by statute as a result of catch-up payments for past service costs. These rates will be certified to the employer and can be found on the KPERS web site at http://kpers.org/contributionrates.htm.

School-type municipalities in KPERS

• The State of Kansas contributes 10.37%* of covered payroll for the period July 1, 2012 to June 30, 2013, and 11.12%* of covered payroll for the period of July 1, 2013 to June 30, 2014. (See the note below concerning the moratorium on Group Death and Disability Insurance).

For the employer rates for school-type municipalities that hire a KPERS retiree, please see the main KPERS site at http://kpers.org/contributionrates.htm.

• The State of Kansas contribution to KPERS for all school municipalities for the year ending June 30, 2013 received as of June 30 was $323,067,803.

* Included in this rate is the contribution for Group Death and Disability Insurance of 1.0% (From April 1, 2013 through June 30, 2013  there was a moratorium on the collection of the premium of 1.00% of the Group Death and Disability Insurance rate. Beginning July 1, 2013 through June 30, 2015 the Group Death and Disability Insurance rate will be .85%.  For more information please see the KPERS website at www.kpers.org)

Call KPERS at 1-888-275-5737 with questions.