Nebraska Administrative Code
Topic - PUBLIC EMPLOYEES RETIREMENT SYSTEMS
Title 303 - PUBLIC EMPLOYEES RETIREMENT BOARD
Chapter 20 - INVESTMENT ALLOCATIONS AND TRANSFERS
Section 303-20-003 - Allocation and Transfer of Employer Contributions
Current through March 20, 2024
003.01 Members of the Retirement System for Nebraska Counties and members of the State Employees Retirement System of the State of Nebraska who participate in the defined contribution option, may allocate their employer contributions and/or transfer any portion of their employer account funds among the investment options available under the retirement systems in increments of one whole percent (1%) in any proportion, including full allocation and/or transfer to any one option, or in a specific dollar amount.
003.02 The percentage of employer contributions allocated and/or transferred to the investment options may be changed by a secure electronic communication if sufficient proof of the member's identity is established through a personal identification number (PIN) or other industry-accepted means of verification, or by request on forms prescribed by the Nebraska Public Employees Retirement Systems. Change requests received on a business day will be processed within three (3) business days of receipt.
