District Retirement Process
Deadline: February 1
Employees wishing to retire at the end of the school year and participate in the district retirement programs such as Voluntary Early Retirement Plan (VERP), and/or Health Reimbursement Account (HRA) must submit a retirement letter to Human Resources no later than 5:00 p.m. on February 1 of the current year. The retirement letter must be signed and submitted to Nancy Jirik in the Human Resources Department at the Education Center.
Signed retirement letters may be scanned and emailed to Nancy Jirik @ firstname.lastname@example.org or placed in interschool mail.
After February 1, a confirmation email will be sent to each employee who submitted a retirement letter, and will include information to set up a retirement conference during the month of February, March or April. A member of the retirement team will help employees review their KPERS application, notarize signatures, and provide individualized district benefit information.
Employees may visit the KPERS website and create an online account to view their estimated benefits. The retirement calculator located on their KPERS personal account screen provides estimates based on the retirement date selected.
Questions about retirement options should be directed to Nancy Jirik at 913-780-8041 or by email @ email@example.com.
Certified Voluntary Early Retirement Program
The Certified Voluntary Early Retirement Program (VERP) applies to licensed/certified and administrative staff members on a continuing contract and paid from a USD 233 funding source at the time of retirement. The amount listed in the chart below is based on your current base salary and is the total percentage amount that would be spread across the span of the payout years.
To qualify the following criteria must be met:
- The employee must be formally retiring from Olathe Public Schools with a minimum of 15 continuous years of service.
- The employee must be formally retiring from KPERS at the same time.
- The employee must be younger than their age of eligibility for full Social Security benefits.
For more information, contact Nancy Jirik at 913-780-8041 or by email @ firstname.lastname@example.org
VERP Payout Schedule
Health Reimbursement Account
The Health Reimbursement Account (HRA) Benefit applies to administrative and certified staff. At the time of retirement, up to 425 unused sick days will be converted into a daily rate and deposited into an HRA account with WEX. The current rate for the 2023 benefit year is $83.00 per day. The rate may fluctuate based on the current costs associated with the district's medical plans. This money may be used for any medical, dental, or vision expenses after retirement. This account may also be used to pay for medical, dental or vision premiums if an employee chooses to stay on the district's retiree benefits. The employee does not need to qualify for VERP to be eligible for the HRA benefit. The HRA benefit will last until the account balance is zero. There is no survivor benefit upon the death of the employee.
To qualify, the following criteria must be met:
- The employee needs to be retiring with Olathe Public Schools with a minimum of five years of service.
- The employee needs to be retiring with KPERS at the same time.
- The employee needs to be retiring from a benefits eligible position.
For more information, call Nancy Jirik at 913-780-8041 or by email @ email@example.com