Nebraska LB461 amends the Cities of the First Class Firefighters Retirement Act, changing pension benefit options and distribution methods for.
Nebraska LB461 modifies the Cities of the First Class Firefighters Retirement Act by altering pension benefit options and distribution methods for firefighters. The bill allows firefighters to choose between various forms of pension payments, including annual, quarterly, monthly, or a single lump-sum payment, if their retirement date is on or after January 1, 1997. For those retiring before this date, a lump-sum payment is available only if the city has adopted this option.
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