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Bill

Bill

SB 282

Enacting the Kansas retirement investment and savings plan (KRISP) act and establishing terms, conditions, requirements, membership elections, accounts, benefits, contributions and distributions related to such plan.

2025-2026 Regular Session

Kansas creates KRISP, a state retirement savings plan for private workers without employer-sponsored retirement benefits, establishing membership, contribution, and distribution rules.

Died in Committee
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Bill Summary · SB 282

Legislative bill overview

SB 282 establishes the Kansas Retirement Investment and Savings Plan (KRISP), a new state-facilitated retirement savings program designed to help private-sector workers who lack employer-sponsored retirement plans. The bill outlines the plan's structure, including membership rules, contribution parameters, account management, and benefit distribution procedures.

Why is this important

Many Kansas workers—particularly those in small businesses or self-employed individuals—have limited access to retirement savings vehicles like 401(k)s. This bill addresses that gap by creating an accessible alternative that could improve retirement security for thousands of workers while potentially reducing future reliance on public assistance programs.

Potential points of contention

  • Government involvement in savings: Some argue state-facilitated retirement programs represent government overreach, while proponents view it as filling a market gap where private options are unavailable
  • Administrative costs and fees: Questions remain about how the program will be funded, whether administrative overhead is reasonable, and whether fees charged to participants are competitive
  • Employer participation and employee opt-out mechanics: Details about how employers are required or incentivized to participate, and whether employees can easily opt out, will significantly affect program viability and appeal

Compiled from official sources — confirm details with the bill’s official record.

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