Nebraska LB571 requires cost-of-living adjustments for retirees of public power districts with defined benefit plans.
Nebraska LB571 mandates that public power districts operating a defined benefit plan must provide cost-of-living adjustments to retirees who are not eligible for Social Security benefits. This adjustment is to be equal to the annual cost-of-living adjustment determined by the federal Social Security Administration, starting from January 1, 2026. This bill aims to ensure that retirees receive compensation for changes in the cost of living.
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