This bill amends the School Employees Retirement Act by removing the definition of "prior service," which referred to service as a school employee in Nebraska public schools before July 1, 1945. It also includes several insertions that update and clarify key terms related to the retirement system, such as "public school," "regular employee," and "final average compensation." Additionally, the definitions of "compensation," "creditable service," and "retirement" are adjusted to align with current practices, aiming to streamline the language of the act and enhance clarity for school employees regarding their retirement provisions.

Furthermore, the bill addresses various definitions and conditions related to employment status and retirement benefits within the Nebraska retirement system. Key updates include clarifications on terms like "service annuity," "state deposit," "substitute employee," and "surviving spouse," with specific legal language inserted to define these terms more clearly. The bill also outlines the conditions under which a member who has separated from service can return as a temporary or substitute employee without impacting their retirement benefits, while establishing that they will not accrue service credit until a bona fide termination occurs. Overall, these amendments aim to provide clearer guidelines for members regarding their employment and retirement benefits.

Statutes affected:
Introduced: 79-902, 79-930