2006 Nebraska Revised Statutes - § 79-938 — Retirement allowance; method of payment; election.

Section 79-938
Retirement allowance; method of payment; election.

At any time before the retirement date a member may elect to receive his or her school retirement allowance or disability retirement allowance under any optional form specified in the group annuity contract, if one exists, or under any optional form permitted by the retirement board, if no group annuity contract exists. Such optional annuity shall be the actuarial equivalent of the normal form of the annuity.

Source:

Laws 1945, c. 219, § 31, p. 648

R.S.Supp.,1947, § 79-2931

Laws 1949, c. 256, § 464, p. 850

Laws 1951, c. 291, § 5, p. 967

Laws 1967, c. 546, § 8, p. 1806

Laws 1969, c. 735, § 9, p. 2781

R.S.1943, (1994), § 79-1530

Laws 1996, LB 900, § 573

~Reissue Revised Statutes of Nebraska