Nebraska Administrative Code
Topic - PUBLIC EMPLOYEES RETIREMENT SYSTEMS
Title 303 - PUBLIC EMPLOYEES RETIREMENT BOARD
Chapter 24 - BENEFIT OPTIONS AND DISTRIBUTION RULES
Section 303-24-008 - Death of a Member or Beneficiary

Universal Citation: 303 NE Admin Rules and Regs ch 24 ยง 008

Current through March 20, 2024

008.01 If a member makes an eligible application for benefit payment but dies prior to their retirement date, then the member will be treated as having not made application for benefit payment. NPERS will handle the resulting benefit payment distribution as a death benefit pursuant to Nebraska statutory law associated with the member's retirement plan. A member's death before the member's retirement date will be treated as a pre-retirement death, and NPERS will distribute benefits accordingly under plan provisions.

008.02 If a beneficiary receiving a death benefit dies within a guarantee period and there are still payments remaining to be paid to the beneficiary, then a discounted lump sum shall be paid to the beneficiary's estate instead of continuing the stream of remaining annuity payments to the deceased beneficiary.

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