This legislative bill amends various sections of Nebraska's retirement laws, primarily focusing on the documentation required to verify U.S. citizenship or lawful presence for employees participating in retirement systems. Key changes include the introduction of new acceptable documents for verification, such as a state-issued motor vehicle learner's permit, and the requirement that all documents must be unexpired or have an extended expiration date granted by the U.S. Department of Homeland Security. The bill also clarifies that only U.S. citizens or those lawfully present in the U.S. can participate in any retirement system. Additionally, it modifies definitions and provisions related to retirement benefits, including the calculation of actuarial equivalency and the management of employee terminations, while establishing clearer guidelines for the responsibilities of employers regarding employee notifications and benefit repayments.

Further amendments address the reemployment of members who have previously left the retirement system, ensuring that those returning within a specified timeframe are not considered to have a break in service. The bill also updates the Judges Retirement Act and the School Employees Retirement System, clarifying definitions and procedures related to retirement benefits, including cost-of-living adjustments and the treatment of contributions. It introduces provisions to enhance clarity and compliance with federal regulations, such as the prohibition of misleading solicitations for financial products directed at retirement system members. Overall, the bill aims to streamline the retirement process, protect the rights of employees, and ensure the integrity of Nebraska's public retirement systems.

Statutes affected:
Introduced: 23-2301, 23-2306, 23-2320, 24-701, 24-703.01, 42-1102, 79-902, 79-904.01, 79-915, 79-956, 79-978, 81-2014, 81-2016, 81-2017, 84-1301, 84-1307, 84-1322, 84-1502, 84-1504, 84-1511
Final Reading: 4-108, 23-2301, 23-2306, 23-2320, 24-701, 24-703, 24-703.01, 42-1102, 79-902, 79-904.01, 79-915, 79-956, 79-978, 81-2014, 81-2016, 84-1301, 84-1307, 84-1322, 84-1502, 84-1504, 84-1511
Slip Law: 4-108, 23-2301, 23-2306, 23-2320, 24-701, 24-703, 24-703.01, 42-1102, 79-902, 79-904.01, 79-915, 79-956, 79-978, 81-2014, 81-2016, 84-1301, 84-1307, 84-1322, 84-1502, 84-1504, 84-1511