This legislative bill amends various sections of Nebraska's retirement laws, with a primary focus on the participation of state agency employees and political subdivisions in retirement systems. A significant change is the requirement for employees to be United States citizens or lawfully present in the U.S. to participate in these systems, along with the introduction of the term "approved identification document," which must be maintained and produced upon request to verify lawful presence. The bill also changes the title of the head of the Nebraska Public Employees Retirement Systems from "director" to "executive director" and renames certain state transfers as "state contributions." Additionally, it addresses retirement allowances, cost-of-living adjustments, and the mandatory retirement age for certain employees, aiming to streamline existing laws and establish operative dates for immediate implementation.

Further amendments focus on enhancing the administration and oversight of the County Employees Retirement Act and the Judges Retirement Act, including the executive director's responsibilities for maintaining accurate member records and developing an employer education program. The bill outlines specific contributions required from judges and members of the retirement system, introduces a gradual increase in fees for the Nebraska Retirement Fund for Judges, and mandates that judges maintain approved identification documents. It also restructures the Nebraska Investment Council and clarifies the management of retirement benefits, including the authority to investigate overpayments and underpayments. Overall, these amendments aim to improve the efficiency, accountability, and financial stability of Nebraska's retirement systems for public employees and judges.

Statutes affected:
Introduced: 4-108, 23-2305.01, 23-2306, 23-2312, 24-703, 24-703.01, 24-704, 24-704.01, 24-705, 24-710, 42-1111, 49-617, 72-1237, 72-1239, 79-904.01, 79-905, 79-906, 79-907, 79-915, 79-916, 79-930, 79-963, 79-966, 79-978, 79-979.01, 79-983, 79-989, 79-992, 81-2016, 81-2019, 81-2019.01, 81-2021, 81-2022, 84-1305.01, 84-1305.02, 84-1307, 84-1503, 84-1503.03, 84-1504, 84-1512
Final Reading: 4-108, 23-2305.01, 23-2306, 23-2312, 24-703, 24-703.01, 24-704, 24-704.01, 24-705, 24-710, 42-1111, 49-617, 72-1237, 72-1239, 79-904.01, 79-905, 79-906, 79-907, 79-915, 79-916, 79-930, 79-958, 79-963, 79-966, 79-978, 79-978.01, 79-979.01, 79-983, 79-989, 79-992, 81-2016, 81-2019, 81-2019.01, 81-2021, 81-2022, 81-2025, 81-2041, 84-1305.01, 84-1305.02, 84-1307, 84-1503, 84-1503.03, 84-1504, 84-1512
Slip Law: 4-108, 23-2305.01, 23-2306, 23-2312, 24-703, 24-703.01, 24-704, 24-704.01, 24-705, 24-710, 42-1111, 49-617, 72-1237, 72-1239, 79-904.01, 79-905, 79-906, 79-907, 79-915, 79-916, 79-930, 79-958, 79-963, 79-966, 79-978, 79-978.01, 79-979.01, 79-983, 79-989, 79-992, 81-2016, 81-2019, 81-2019.01, 81-2021, 81-2022, 81-2025, 81-2041, 84-1305.01, 84-1305.02, 84-1307, 84-1503, 84-1503.03, 84-1504, 84-1512