Nebraska Administrative Code
Topic - PUBLIC EMPLOYEES RETIREMENT SYSTEMS
Title 303 - PUBLIC EMPLOYEES RETIREMENT BOARD
Chapter 18 - BENEFIT AND CONTRIBUTION ADJUSTMENTS
Section 303-18-002 - Definitions

Universal Citation: 303 NE Admin Rules and Regs ch 18 ยง 002

Current through March 20, 2024

002.01 Board

Board means the Public Employees Retirement Board established pursuant to Neb. Rev. Stat. § 84-1501.

002.02 NPERS

NPERS means the Nebraska Public Employees Retirement Systems; the agency that administers the retirement laws under the direction of the Board.

002.03 Benefit

Benefit means the post-retirement income to be received by a member of a retirement system.

002.04 Employee Contribution

Employee Contribution means the dollar amount required to be picked up from an active member's compensation for deposit into a retirement system to fund member benefits.

002.05 Employer

Employer means the public entity required to contribute to the State Employees Retirement System, the Retirement System for Nebraska Counties, the Judges Retirement System, the School Employees Retirement System, or the State Patrol Retirement System on behalf of its employees who are members in such retirement system.

002.06 Employer Contribution

Employer Contribution means the dollar amount required to be deposited into a retirement system by an employer to fund member benefits.

002.07 Excess Contribution

Excess Contribution means an employee contribution or employer contribution, or both, that is

(a) greater than the statutorily mandated deduction from compensation,

(b) greater than the statutorily mandated matching contribution required of an employer,

(c) submitted on behalf of an employee that is ineligible to participate in the retirement system, or

(d) improperly calculated on wages or salary representing compensation for unused sick leave or unused vacation leave converted to cash payments, insurance premiums converted into cash payments, reimbursement for expenses incurred, fringe benefits, bonuses for services not actually rendered, including, but not limited to, early retirement inducements, cash awards, and severance pay, except for retroactive salary payments paid pursuant to court order, arbitration, or litigation and grievance settlements, or as otherwise defined by state law.

002.08 Insufficient Contribution

Insufficient Contribution means an employee contribution or employer contribution, or both, which is

(a) less than the statutorily mandated deduction from compensation,

(b) less than the statutorily mandated matching contribution required of an employer,

(c) not timely remitted,

(d) not remitted due to administrative errors on the part of the employer,

(e) not remitted due to the failure of the employer to enroll the employee in the retirement system when such employee was required to be enrolled, or

(f) due to a retroactive salary payment paid pursuant to court order, arbitration, or litigation and grievance settlements.

002.09 Member

Member means an individual who has an account in one of the retirement systems.

002.09(a) Active Member means an individual who is currently employed by an employer and making employee contributions into a retirement system.

002.09(b) Inactive Member means an individual who has made employee contributions to a retirement system as an active member and has subsequently separated from service with an employer.

002.10 Retirement System

Retirement System means the State Employees Retirement System, the Retirement System for Nebraska Counties, the Judges Retirement System, the School Employees Retirement System, or the State Patrol Retirement System, as appropriate under the circumstances.

Disclaimer: These regulations may not be the most recent version. Nebraska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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