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Session of 2000
          HOUSE BILL No. 2874           By Joint Committee on Pensions, Investments and Benefits           2-7          

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10             AN  ACT concerning retirement; relating to tax sheltered annuities; com-
11             munity college and school employment; amending K.S.A. 72-8603 and
12             repealing the existing section.
13      
14       Be it enacted by the Legislature of the State of Kansas:
15             Section  1. K.S.A. 72-8603 is hereby amended to read as follows: 72-
16       8603. (a) The board of education of any school district or the board of
17       trustees of any community junior college shall contract with any of its
18       employees so requesting, who request for reductions in compensation and
19       the contribution thereof for tax sheltered annuities as permitted under
20       the United States internal revenue code, for the benefit of such employ-
21       ees. Any employee desiring to contract under the provisions of this section
22       shall express his or her wishes in writing to his or her send written notice
23       of such employee's desire to contract under the provisions of this act to
24       such employee's employer within semiannual thirty-day periods in ac-
25       cordance with rules and regulations of such employer.
26             (b) The board of education of any school district and the board of
27       trustees of any community college may contribute to such employee's tax
28       sheltered annuity an amount to match the employee's contribution as pro-
29       vided in subsection (a). 
30       Sec.  2. K.S.A. 72-8603 is hereby repealed.
31        Sec.  3. This act shall take effect and be in force from and after its
32       publication in the statute book.