This bill 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. It redefines terms related to the return of members to employment after separation from service. Notably, it clarifies that members who separate from service but have not submitted a retirement application or received benefits may return as temporary or substitute employees without incurring a termination for certain purposes. However, they will not be eligible to contribute to the retirement system or accrue service credit until they become regular employees. Additionally, the bill specifies conditions under which members returning to work within 180 days of separation are not deemed to have terminated their employment, particularly regarding intermittent work and volunteer service.

The bill also outlines the rights of members with five or more years of creditable service who terminate employment, allowing them to leave contributions in the retirement system and receive a retirement allowance at normal or early retirement age. It establishes that if a retired member returns to employment, they will participate as a new member and will not have their original retirement annuity increased by subsequent service. Furthermore, the bill includes provisions for members seeking refunds of contributions and the process for restoring service credit after reemployment. The original sections 79-930 and 79-992 are repealed as part of this legislative update.

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