Nebraska Administrative Code
Topic - PUBLIC EMPLOYEES RETIREMENT SYSTEMS
Title 303 - PUBLIC EMPLOYEES RETIREMENT BOARD
Chapter 14 - CAPPING OF RETIREMENT COMPENSATION
Section 303-14-005 - Covered Compensation

Universal Citation: 303 NE Admin Rules and Regs ch 14 ยง 005

Current through March 20, 2024

005.01 Under no circumstances shall an individual who became a School Plan member before July 1, 2013, receive a retirement benefit based upon a final average compensation that includes compensation encompassing more than thirty-six (36) months of creditable service.

005.02 Under no circumstances shall an individual who became a School Plan member on or after July 1, 2013, receive a retirement benefit based upon a final average compensation that includes compensation encompassing more than sixty (60) months of creditable service.

005.03 Under no circumstances shall an individual who became a Patrol Plan member on or after July 1, 2016, receive a retirement benefit based upon a final average monthly compensation that includes compensation encompassing more than sixty (60) months of creditable service.

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