Kansas Employee Stock Purchase Plan of American Annuity Group, Inc.
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How to fill out Employee Stock Purchase Plan Of American Annuity Group, Inc.?
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FAQ
All retirees have a $4,000 death benefit, including the option to name a funeral establishment if that makes sense for you. Keep in mind, the death benefit is taxable for any beneficiary.
You'll need to withdraw your money within 5 years of ending employment. Your account earns interest for 5 years (2 years for KPERS 3 members). There's a 31-day waiting period after you end employment before you can withdraw. When it's time, submit the withdrawal form and we'll send your refund within 4-6 weeks.
KPERS is a qualified 401(a) defined benefit pension plan under the Internal Revenue Code. This type of plan is not permitted to allow "in-service" distributions.
In Kansas, you're eligible to receive full pension benefits if you meet the following retirement qualifications: At age 65 with five years of service credit. At age 60 with 30 years of service credit.
The 85-point rule is only one of the three ways you can qualify for retirement. You can retire at age 55 with 10 years of service, even without 85 points. There is a 0.6% reduction for each month you are between age 55 and age 60, and a 0.2% reduction for each month you are between age 60 and age 62.
Members who retire before age 62 have a 180-day waiting period before being rehired by a KPERS employer. Members who retire at age 62 or later have a 60-day waiting period.
A member may request a withdrawal packet by phone or via the internet. Completed forms will not be accepted before member's last day on the job. The earliest one can receive payment is the 20th day of the 4th month after the termination date as verified by their former employer(s).