2006 Nebraska Revised Statutes - § 79-971 — Accumulated contributions; use.
Section 79-971Accumulated contributions; use.
The Nebraska Public Employees Retirement Systems shall keep an accounting of the required deposits from the compensation of members collected to provide savings annuities. The accumulated contributions, plus statutorily required accumulated interest, of a member may be returned to him or her upon his or her termination, paid to his or her estate or designated beneficiary in the event of his or her death as provided in section 79-956, or used in the event of his or her retirement to assist in funding his or her school retirement allowance, disability retirement allowance, or formula annuity allowance. Any accumulated contributions forfeited shall be transferred from the School Retirement Fund to the Contingent Account.
Source:
- Laws 1945, c. 219, § 47, p. 653
R.S.Supp.,1947, § 79-2947
Laws 1949, c. 256, § 480, p. 855
Laws 1969, c. 735, § 14, p. 2783
Laws 1971, LB 987, § 26
Laws 1987, LB 549, § 12
Laws 1988, LB 1170, § 15
R.S.1943, (1994), § 79-1546
Laws 1996, LB 900, § 606
Laws 2002, LB 407, § 43
~Reissue Revised Statutes of Nebraska
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