Kansas Statutes 72-2640. Death of school employee; refunds
Terms Used In Kansas Statutes 72-2640
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- School employee: shall mean any person regularly employed, and paid out of public funds, to perform services for the school district, and shall include all teachers, principals, superintendents, supervisors, librarians, clerks, secretaries, school nurses, attendance officers, managers, engineers, building superintendents, maintenance and repairmen, custodians, and all other persons regularly employed by the board of education. See Kansas Statutes 72-2670
- service annuity: means that part of the school annuity which is based upon the service record of the person concerned, and which is paid by the state;
(i) "savings annuity" means that part of the school annuity which results from the accumulated contributions of the school employee and interest thereon less the proportionate share of the expense of the administration of this act;
(j) "disability annuity" means a school annuity granted to a school employee who suffers such physical or mental disability as to be unable to perform school service;
(k) "standard annuity" means the school annuity which is granted to a school employee at the age of 65 years, as prescribed by this act. See Kansas Statutes 72-2624
In case of the death of any school employee or annuitant before any installment of any annuity has been paid, the amount credited to his savings account shall be refunded to the estate of the deceased unless beneficiaries have been specifically designated by said school employee or annuitant. In case of the death of a school employee or annuitant after he has retired and selected the type of annuity as provided in Kan. Stat. Ann. § 72-5512, the provisions of such annuity shall govern any refunds to be made except that any unpaid service annuity shall be paid to the estate of the deceased unless beneficiaries have been specifically designated by said annuitant. Except as provided in Kan. Stat. Ann. §§ 72-5520 and in this section, there shall be no refunds or payments to the heirs of any school employee or annuitant.