Nebraska Administrative Code
Topic - PUBLIC EMPLOYEES RETIREMENT SYSTEMS
Title 303 - PUBLIC EMPLOYEES RETIREMENT BOARD
Chapter 14 - CAPPING OF RETIREMENT COMPENSATION
Section 303-14-004 - Consistency of Reporting; Annualization, Proration, and Reallocation of Compensation
Current through March 20, 2024
004.01 A member's retirement benefit is not to be enhanced or reduced solely as a result of (a) inconsistent timing in the payment or reporting of compensation by the member's employer or (b) an irregular work schedule. Therefore, to ensure consistent treatment of members of the same plan, NPERS shall, when the facts and circumstances dictate:
004.02 Circumstances that may warrant proration, annualization, or reallocation of a member's compensation include, but are not limited to:
004.03 NPERS shall obtain from the member's employer all information necessary to clarify and contextualize the compensation reported by the employer.
004.04 In the event that a member's reported compensation is subject to proration, annualization, or reallocation, NPERS shall include a detailed analysis and explanatory spreadsheet in the member's file reflecting the member's actual retirement calculation.