Source: https://nebraskalegislature.gov/laws/display_html.php?begin_section=42-1101&end_section=42-1113
Timestamp: 2019-03-22 23:10:35
Document Index: 319550545

Matched Legal Cases: ['§ 1', '§ 3', '§ 37', '§ 4', '§ 5', '§ 6', '§ 7', '§ 8', '§ 41', '§ 9', '§ 12', '§ 13']

42-1101. Act, how cited.
Sections 42-1101 to 42-1113 shall be known and may be cited as the Spousal Pension Rights Act.
Source:Laws 1996, LB 1273, § 1.
42-1103. Qualified domestic relations order; requirements.
A domestic relations order is a qualified domestic relations order only if such order or accompanying document:
(1) Clearly specifies the following:
(a) The name, social security number, and last-known mailing address, if any, of the member;
(b) The name, social security number, and last-known mailing address, if any, of the alternate payee covered by the order;
(c) The statewide public retirement system or systems to which the order applies;
(d) The number of payments or period to which such order applies; and
(e) The amount or percentage of the member's benefits to be paid by each statewide public retirement system to each alternate payee or the manner in which such amount or percentage is determined;
(2) Does not require a statewide public retirement system to provide any type or form of benefit, or any option, not otherwise provided under the plan;
(3) Does not require a statewide public retirement system to provide increased benefits determined on the basis of actuarial value;
(4) Does not require a statewide public retirement system to pay to an alternate payee benefits which are required to be paid to another alternate payee under another order previously determined to be a qualified domestic relations order; and
(5) Does not require the payment of benefits to an alternate payee before the earliest retirement date of a member.
Source:Laws 1996, LB 1273, § 3; Laws 2006, LB 1113, § 37.
42-1104. Order; payment of benefits; alternate payee.
(1) A qualified domestic relations order may provide for the payment of benefits to an alternate payee beginning on or after the member's earliest retirement date but before the member terminates employment. Payment of the benefit to the alternate payee pursuant to a qualified domestic relations order shall commence either on the member's retirement date or on the first day of the month immediately following the month in which the alternate payee notifies the statewide public retirement system of the election to begin payment, but not prior to the member's earliest retirement date.
(2) If payment begins after the member's earliest retirement date but prior to the member's retirement date, the alternate payee is only entitled to the actuarial equivalent of the alternate payee's share of the member's benefit payable on the member's earliest retirement date or the alternate payee's election date, whichever is later.
Source:Laws 1996, LB 1273, § 4.
42-1105. Order; form of benefit payment.
An alternate payee under a qualified domestic relations order shall receive the form of benefit payment specified in the order or, if not specified, selected by the alternate payee, if such form is a form available to the member and is not a joint and survivor annuity with the alternate payee's subsequent spouse.
Source:Laws 1996, LB 1273, § 5.
42-1106. Death of alternate payee; effect.
If the alternate payee dies prior to receiving any payment of his or her interest in the member's benefit under a qualified domestic relations order, such interest reverts to the member. If the alternate payee dies after commencement of payments of his or her interest, then the alternate payee's beneficiary is entitled to the balance of the payee's interest under the payment option provided by the order or selected by the payee, except a joint and survivor annuity option with the alternate payee and alternate payee's spouse.
Source:Laws 1996, LB 1273, § 6.
42-1107. Order; surviving spouse; payment option.
A qualified domestic relations order may provide that a spouse under a judgment for separate maintenance or a former spouse is considered the surviving spouse under the plan. If the order requires the member to select a payment option with survivorship rights, the Public Employees Retirement Board shall require consent by such spouse for the selection of the annuity option by the member or for any change in the selection of the annuity option by the member. The order may specifically require that the annuity option be a joint and survivor annuity.
Source:Laws 1996, LB 1273, § 7.
42-1108. Order; alternate payee; file with board; notice.
The alternate payee shall file a copy of the domestic relations order involving benefits under a statewide public retirement system with the Public Employees Retirement Board within ninety days after the date that the order was entered. Upon good cause shown, the board may accept an order after ninety days following its entry. Within ten days, the board shall notify in writing the member and alternate payee that the board has received the domestic relations order. Such notice shall include a description of the procedure to determine if the domestic relations order is a qualified domestic relations order under the Spousal Pension Rights Act. The Public Employees Retirement Board shall be held harmless by the alternate payee and the member for any amounts paid in violation of an order prior to the date on which the order is filed with the board.
Source:Laws 1996, LB 1273, § 8; Laws 1998, LB 1191, § 41.
42-1109. Rules and regulations.
The Public Employees Retirement Board shall adopt and promulgate rules and regulations to establish reasonable procedures to determine the qualified status of domestic relations orders and to administer distributions under such orders. Such procedures shall allow an alternate payee to designate a representative for receipt of copies of notices.
Source:Laws 1996, LB 1273, § 9.
42-1112. Order filed prior to July 19, 1996; applicability.
A domestic relations order filed with the Public Employees Retirement Board prior to July 19, 1996, shall be deemed a qualified domestic relations order under the Spousal Pension Rights Act if the statewide public retirement system is making payments under the order on July 19, 1996, and such order conforms to section 414(p)(11) of the Internal Revenue Code.
Source:Laws 1996, LB 1273, § 12.
42-1113. Liability.
The member and alternate payee shall hold the statewide public retirement system and its fiduciaries harmless from any liabilities which arise from (1) treating a domestic relations order as being, or not being, a qualified domestic relations order, or (2) taking action pursuant to section 42-1111. The system's obligation to the member and each alternate payee shall be discharged to the extent of any payment made pursuant to the Spousal Pension Rights Act.
Source:Laws 1996, LB 1273, § 13.