Nebraska Administrative Code
Topic - PUBLIC EMPLOYEES RETIREMENT SYSTEMS
Title 303 - PUBLIC EMPLOYEES RETIREMENT BOARD
Chapter 9 - MISSING OR UNRESPONSIVE PARTICIPANTS AND BENEFICIARIES
Section 303-9-005 - Timing of Search Methods
Current through March 20, 2024
005.01 Once a participant has been determined to be missing after routine methods of delivering notice have been undertaken in subsection 003.01, NPERS will within ninety (90) days after making such determination begin a formal search process, and implement the search methods in subsection 003.02.
005.02 The formal search process will consist of NPERS staff undertaking the search methods in subsection 003.02 based upon the likelihood of success for each method utilized. NPERS will determine the order and frequency in which each method is used. This determination will take into consideration the known information regarding the each missing participant, including but not limited to the following:
005.03 At least once every twelve (12) months, NPERS should undertake one or more of the methods listed in subsection 003.02 during a formal search process.
005.04 The formal search process will continue until property held by NPERS for the benefit of the participant is presumed abandoned in accordance with subsection 007.01.
