Are State Board of Regents Kansas Public Employees Retirement System (KPERS) Lump Sum Roll Overs taxable to Kansas?
State Board of Regents: Retirement annuity contracts purchased for faculty and others employed by the State Board of Regents or by educational institutions under its management with either their direct contributions or through salary reduction plans are exempt from Kansas Income Tax. However, when these Regents retirement benefits are rolled into an unrelated retirement plan and distributions are taken from these unrelated retirement plans, said distributions are subject to Kansas Income Tax.
