2006 Nebraska Revised Statutes - § 79-920 — State school official; department employee; retirement system options.

Section 79-920
State school official; department employee; retirement system options.

(1) An individual who was, prior to July 19, 1980, a state school official and did not become a member of the State Employees Retirement System of the State of Nebraska pursuant to the State Employees Retirement Act may, within sixty days after September 1, 1986, elect to become a member of such system. An individual so electing shall pay the contributions required by such system when the service and minimum age requirements have been met.

(2) An individual who is currently a school employee or who was employed in an out-of-state or a Class V school district and who becomes employed by the State Department of Education after July 1, 1989, regardless of position, may file with the retirement board an election to become or remain a member of the School Retirement System of the State of Nebraska, or, within thirty days after employment in the department, the individual may file an election to become a member of the State Employees Retirement System of the State of Nebraska. The individual shall pay the contributions required by the system which he or she elects when all eligibility requirements are met.

(3) If the employee elects to join the State Employees Retirement System of the State of Nebraska, such employee shall be eligible for immediate participation in the State Employees Retirement System of the State of Nebraska with no minimum period of service if the minimum age and length of service requirements under the State Employees Retirement System of the State of Nebraska or the School Retirement System of the State of Nebraska have been met and the requirements met are equal to the requirements of the State Employees Retirement System of the State of Nebraska.

(4) A state school official employed by the State Department of Education after July 1, 1989, may elect to become a member of the School Retirement System of the State of Nebraska or the State Employees Retirement System of the State of Nebraska.

(5) An employee electing not to be covered by the School Retirement System of the State of Nebraska under this section shall not be subject to section 79-957 but shall be allowed to retain his or her accumulated contribution in the system and continue to become vested in the state's accumulated contribution as well as the State Employees Retirement System of the State of Nebraska according to the following:

(a) The years of participation in the School Retirement System of the State of Nebraska before an election is made plus the years of participation in the State Employees Retirement System of the State of Nebraska after the election is made shall both be credited toward compliance with the service requirements provided under section 79-931; and

(b) The years of participation in the School Retirement System of the State of Nebraska before the election is made plus the years of participation in the State Employees Retirement System of the State of Nebraska after the election is made shall both be credited toward compliance with section 84-1321.

Source:

Laws 1980, LB 818, § 2

Laws 1986, LB 325, § 13

Laws 1986, LB 311, § 22

Laws 1989, LB 506, § 12

R.S.1943, (1994), § 79-1565

Laws 1996, LB 900, § 555

Laws 1997, LB 623, § 15

Cross References:

State Employees Retirement Act,see section 84-1331.

~Reissue Revised Statutes of Nebraska