Terms Used In Kansas Statutes 74-4978c

• Act: means the Kansas deferred retirement option program act;

  (2) "board" means the board of trustees of the Kansas public employees retirement system;

  (3) "DROP" means the deferred retirement option program established by Kan. See Kansas Statutes 74-4986l

• compensation: means the same as such term is defined in Kan. See Kansas Statutes 74-49,202
• final average salary: means the average highest annual salary, as defined in Kan. See Kansas Statutes 74-49,202
• member: means any member of the Kansas police and firemen's retirement system who is eligible to participate in the DROP and who elects to participate in the DROP as provided in this act;

  (7) "monthly DROP accrual" means the amount equal to the monthly retirement benefit that would have been payable to the member had the member terminated service and retired on the day the member elected; and

  (8) "system" means the Kansas police and firemen's retirement system. See Kansas Statutes 74-4986l

• Retirement system: means the Kansas public employees retirement system, the Kansas police and firemen's retirement system, the state school retirement system, the Kansas highway patrol pension fund, the Kansas bureau of investigation pension fund, the Kansas retirement fund for judges, or the Kansas retirement fund for official court reporters. See Kansas Statutes 74-49,109