Kansas Board of Regents Mandatory Retirement Plan

Recent changes: Highlights of changes to the Mandatory and Voluntary Plan | New Plan Administration Service | Accessing KBOR 403(b) Funds Upon Termination of Employment or Retirement

The Kansas Board of Regents (KBOR) Basic Retirement Plan provides a defined contribution (403b) retirement program for unclassified Board of Regents employees. Download the Plan Document, Investment Policy Statement, KS BOR Brochure, Investment Agreement - Mandatory Retirement Plan (MS Word), and Comparison Chart of the Kansas Board of Regents Mandatory Retirement Investment Providers for details. All unclassified employees who are eligible shall participate in the Plan after completing one year of service. Eligible employees may, under certain circumstances, be permitted to enroll right away. See Waiver for Mandatory Retirement Plan.

Major Features

Employee contributions are tax deferred and vesting is immediate. The current value of the combined employee and employer contributions is payable to beneficiaries if the employee dies before retirement. The employee's contributions shall be made to any one of the two approved insurance companies. Members do not make contributions to KPERS but are covered by the KPERS Death and Disability Benefits Program. See Long Term Disability Benefit for Participants for information on contributions for participants who become disabled.

Approved Insurance Companies

Contributions

Employee - 5 ½ percent of gross compensation and are tax deferred.
KUMC - 8 ½ percent of gross compensation.

Contact:

Please feel free to contact KUMC Human Resources, 913-588-5087 with any questions. The Wichita School of Medicine Campus contact is Tracy Clarke, (316) 293-1802.