KPPPA seeks to file six regulation updates to align definitions and forms with statute

Staff presented six proposed regulatory amendments recommended by the ad hoc regulation committee. Changes include streamlined definitions and centralized definition sections, removal or consolidation of incorporated forms, and updates to align with statutory changes such as Senate Bill 85 (which allows designation of special‑needs trusts as optional beneficiaries).

The items the committee recommended and the board ratified for filing included:

• 105 K R 1365 — Hybrid cash balance plan (tier‑three benefit) updates, including waiting for final appealable court judgments before processing accumulated account refunds for members charged with employment‑related felonies.

• 105 K 5200 / 105 K 25202 — Retirement procedures and notification updates to reflect SB85 beneficiary designation changes and to remove non‑appropriate IRS‑branded forms from regulation text.

• 105 K 2420 — 401H account clarifications about placement of insurance funds within the retirement trust and certification letters supporting continued regulations.

• 105 K 3390 — Employment after retirement updates refining definitions for employee, prearranged agreements, statutory officers, deadlines for information submission, and employer contribution exemptions.

The board approved filing the package and authorized emergency filing where necessary to meet statutory deadlines for implementing the special‑needs trust beneficiary option.

Staff said the committee sought to reduce form citations inside regulation text in favor of cross‑references and to align regulatory language with federal IRS guidance where appropriate.