Nebraska Administrative Code
Topic - PUBLIC EMPLOYEES RETIREMENT SYSTEMS
Title 303 - PUBLIC EMPLOYEES RETIREMENT BOARD
Chapter 24 - BENEFIT OPTIONS AND DISTRIBUTION RULES
Section 303-24-004 - School Retirement System
Universal Citation: 303 NE Admin Rules and Regs ch 24 ยง 004
Current through March 20, 2024
004.01 Members of the Nebraska School Retirement System may elect to receive a monthly retirement benefit under one of the following options:
004.01(a) Life Only
Annuity;
004.01(b) Modified Cash
Refund Annuity;
004.01(c) Period
Certain and Continuous Annuity (5, 10, and 15 years);
004.01(d) Joint and Survivor Annuity (50%,
75% and 100%);
004.01(e)
Non-spousal Joint and Survivor Annuity (50%).
004.02 A member of the School Retirement System may elect a lump sum refund of the member's account balance in lieu of a monthly retirement benefit. A refund cancels all service credit earned by the member and the member forfeits the right to receive a monthly retirement benefit. The lump sum refund does not include contributions made by the member's employer.
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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
