Nebraska LB689 redefines terms under the School Employees Retirement Act and the Class V School Employees Retirement Act.
Nebraska LB689 amends the School Employees Retirement Act and the Class V School Employees Retirement Act to redefine terms and clarify procedures for retirement benefits. It specifies conditions under which a member can return to employment without incurring a termination of employment for retirement purposes, outlines the process for requesting refunds of contributions, and details the conditions for restoring previously withdrawn contributions. The bill also repeals original sections and replaces them with new definitions and provisions.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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