The bill amends various sections of Nebraska's retirement laws, primarily focusing on the verification of U.S. citizenship or lawful presence for employees participating in retirement systems. It introduces new acceptable documents for verification, such as a state-issued motor vehicle learner's permit, and stipulates that all documents must be valid or have an extended expiration date as determined by the U.S. Department of Homeland Security. The bill clarifies that only U.S. citizens or those lawfully present in the U.S. can participate in retirement systems, and it modifies definitions and provisions related to retirement benefits, including the calculation of actuarial equivalency and the management of employee terminations.
Additionally, the bill outlines the responsibilities of employers regarding employee terminations and the management of retirement benefits, requiring them to notify the board of any employment changes. It also addresses the treatment of employees returning to work after a break in service, ensuring they can resume contributions without losing credit for prior service. The bill further amends the Judges Retirement Act, the School Employees Retirement System, and the Nebraska State Patrol Retirement Act, clarifying definitions, contribution requirements, and the process for handling overpayments and underpayments. Overall, the bill aims to streamline the administration of retirement systems while ensuring compliance with federal regulations.
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