Nebraska LB1103 modifies the mandatory retirement age and provisions for deferred retirement option plans under the Nebraska State Patrol Retirement.
Nebraska LB1103 amends the Nebraska State Patrol Retirement Act by raising the mandatory retirement age and altering provisions for deferred retirement option plans (DROP). The bill specifies that officers with at least ten years of service can retire and receive an annuity. Officers with twenty-five years of service and aged fifty can retire at their option but must retire by age sixty-five. Officers with thirty years of service can retire at their option. DROP allows eligible officers to remain in active employment for up to five years while receiving retirement benefits.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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