Legislative Bill 38 amends sections 79-930 and 79-992 of the Reissue Revised Statutes of Nebraska, focusing on the School Employees Retirement Act and the Class V School Employees Retirement Act. The bill redefines terms related to the retirement system, particularly concerning members who separate from service but have not submitted a retirement application or received benefits. It allows these members to return to work as temporary or substitute employees without incurring a termination of employment for certain purposes, while also clarifying the conditions under which they can contribute to the retirement system and accrue service credit. Notably, the bill specifies that work performed while not contributing will not count towards service credit.

Additionally, the bill outlines the process for members who have submitted retirement applications and later return to work within 180 days, detailing the types of work that do not affect their retirement status. It also establishes a framework for members to seek determinations regarding their employment status and the implications for their retirement benefits. The original sections 79-930 and 79-992 are repealed, indicating a comprehensive update to the retirement system's regulations.

Statutes affected:
Introduced: 79-930, 79-992