2017 Nebraska Revised Statutes
Chapter 84 - STATE OFFICERS
84-1313.02 Retirement system; transfer eligible rollover distribution; conditions.
84-1313.02. Retirement system; transfer eligible rollover distribution; conditions.
The retirement system may transfer any distribution of benefits to a member which is an eligible rollover distribution as defined in section 84-1312 in a direct rollover to the deferred compensation plan authorized under section 84-1504 if the following conditions are met:
(1) The member has an amount of compensation deferred immediately after the rollover at least equal to the amount of compensation deferred immediately before the rollover;
(2) The account of the member is valued as of the date of final account value;
(3) The member is not eligible for additional annual deferrals in the receiving plan unless the member is performing services for the state; and
(4) The deferred compensation plan provides for such rollovers.
Source
- Laws 2009, LB188, § 12;
- Laws 2011, LB509, § 47.
