This legislative bill amends various sections of Nebraska's retirement laws, primarily focusing on the verification of lawful presence in the United States for employees participating in retirement systems. Key changes include new documentation requirements to demonstrate citizenship or lawful presence, such as accepting state-issued motor vehicle learner's permits as valid proof. The bill mandates that employees maintain documents that are either unexpired or have extended expiration dates recognized by the U.S. Department of Homeland Security. It also clarifies that only U.S. citizens or those lawfully present can participate in retirement systems, while introducing modifications to the calculation of retirement benefits and the responsibilities of employers regarding employee terminations.

Additionally, the bill updates provisions across various retirement acts, including the Judges Retirement Act and the School Employees Retirement System, to enhance clarity and compliance with federal regulations. It introduces cost-of-living adjustments for annuities, outlines the conditions for reemployment of members, and specifies the responsibilities of employers to notify the retirement board of employment changes. The bill also addresses the solicitation of financial products directed at members of Nebraska's public retirement systems, ensuring that misleading practices are curtailed. Overall, the bill aims to streamline processes related to retirement benefits while ensuring the financial stability of the retirement systems and protecting the rights of employees.

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