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 introduces new definitions and clarifications regarding the status of members who separate from service and subsequently return to work as temporary employees, substitute employees, or volunteers. Specifically, it stipulates that members who have not submitted a retirement application or received benefits may return to work without incurring a termination for certain purposes, while also detailing the conditions under which they can contribute to the retirement system and accrue service credit. The bill also clarifies the implications of returning to work within 180 days of separation and the types of work that are permissible during this period.

Additionally, the bill outlines the rights of members with five or more years of creditable service who terminate their employment, allowing them to leave contributions in the retirement system and receive a retirement allowance at normal or early retirement age. It specifies the conditions under which a retired member returning to employment will participate as a new member and the calculation of their retirement annuity based on service performed after reemployment. The bill also includes provisions for the restoration of contributions and creditable service for members who reenter the service after withdrawing their contributions. The original sections 79-930 and 79-992 are repealed as part of this legislative update.

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