Kan. Admin. Regs. § 80-50-3

Current through Register Vol. 43, No. 46, November 14, 2024

Section 80-50-3 - Request for proposal for coverage

(a) An eligible employer who desires to affiliate with the retirement system or a participating employer who wishes to file a supplemental application for coverage of an additional group or groups of employees, as provided in K.S.A. 74-4954, and amendments thereto, shall, before filing an application for affiliation or a supplemental application for coverage, request the board to submit a proposal for the coverage that the employer desires not less than 60 days before filing the applications, unless the time is shortened by the board. The request for a proposal shall be on the forms provided by the retirement system and shall furnish all necessary data from which the proposal may be prepared.

(b) The data shall be forwarded to the actuary of the retirement system, who shall prepare an estimate of the employer's contribution rate for the employer based on the data furnished and who shall furnish a written statement regarding its study to the board and to the employer. The cost of the study by the actuary shall be paid by the eligible employer requesting the study. The actuary shall prepare a written statement of the costs, and the employer shall make payment directly to the actuary.

Authorized by K.S.A. 1997 Supp. 74-4909, as amended by L. 1998, ch. 64, § 27; implementing K.S.A. 74-4954; effective Jan. 1, 1966; amended, E-66-16, Sept. 20, 1966; amended Jan. 1, 1967; amended Sept. 10, 1999.