Nebraska Administrative Code
Topic - PUBLIC EMPLOYEES RETIREMENT SYSTEMS
Title 303 - PUBLIC EMPLOYEES RETIREMENT BOARD
Chapter 14 - CAPPING OF RETIREMENT COMPENSATION
Section 303-14-002 - Definitions
Current through March 20, 2024
002.01 For School Plan members, all terms used in this chapter which are defined in the School Employees Retirement Act, as clarified by the Rules and Regulations promulgated by the PERB, shall be so defined for purposes of this chapter unless the context otherwise clearly requires.
002.02 For Patrol Plan members, all terms used in this chapter which are defined in the Nebraska State Patrol Retirement Act, as clarified by the Rules and Regulations promulgated by the PERB, shall be so defined for purposes of this chapter unless the context otherwise clearly requires.
002.03 "Adjusted Compensation" means an amount equal to the member's compensation for a plan year during the capping period as modified, if at all, pursuant to the applicable statutory capping provisions and/or 303 NAC § 14-003.02.
002.04 "Base Year" means the plan year immediately preceding the capping period.
002.05 "Board" or "PERB" shall mean the Nebraska Public Employees Retirement Board.
002.06 [Repealed]
002.07 [Repealed]
002.08 [Repealed]
