reglab/housing_qa huggingface dataset:
NE Code § 79-954 (2021)
2021 Nebraska Revised Statutes|Chapter 79 - Schools|79-954 - Retirement; disability beneficiary; restoration to active service; effect.

79-954.  Retirement; disability beneficiary; restoration to active service; effect.If a disability beneficiary under the age of sixty-five years is restored to active service as a school employee or if the examining physician certifies that the person is no longer disabled for service as a school employee, the disability retirement allowance shall cease. If the beneficiary again becomes a school employee, he or she shall become a member of the retirement system. Any prior service certificate, on the basis of which his or her creditable service was computed at the time of his or her retirement for disability, shall be restored to full force and effect upon his or her again becoming a member of such retirement system.Source   Laws 1945, c. 219, § 27, p. 647;   R.S.Supp.,1947, § 79-2927;   Laws 1949, c. 256, § 460, p. 849;   R.S.1943, (1994), § 79-1526;   Laws 1996, LB 900, § 589;  Laws 2009, LB449, § 1;  Laws 2013, LB553, § 7;  Laws 2016, LB447, § 12;  Laws 2017, LB415, § 32.
NE Code § 79-955 (2021)
2021 Nebraska Revised Statutes|Chapter 79 - Schools|79-955 - Termination of membership; accumulated contributions; return.

79-955.  Termination of membership; accumulated contributions; return.Upon termination of employment for any cause other than death or retirement, the retirement board shall, upon the member's demand, terminate his or her membership in the retirement system and cause to be paid to such member the accumulated contributions standing to the credit of his or her individual account in the School Retirement Fund. Any member who attains or has attained membership in another Nebraska state or school retirement system authorized by the Legislature and who elects not to be or remain a member of the School Employees Retirement System of the State of Nebraska shall have his or her accumulated contributions returned to him or her forthwith.Source   Laws 1945, c. 219, § 28, p. 647;   R.S.Supp.,1947, § 79-2928;   Laws 1949, c. 256, § 461, p. 849;   Laws 1965, c. 532, § 1, p. 1676;   Laws 1967, c. 555, § 1, p. 1825;   Laws 1969, c. 735, § 7, p. 2780;   Laws 1976, LB 30, § 3;   Laws 1988, LB 1170, § 4;   R.S.1943, (1994), § 79-1527;   Laws 1996, LB 900, § 590;   Laws 1997, LB 624, § 20;   Laws 1998, LB 1191, § 56;  Laws 2011, LB509, § 31.
NE Code § 79-957 (2021)
2021 Nebraska Revised Statutes|Chapter 79 - Schools|79-957 - Termination of employment before retirement date; certified service record; statement of accumulated contributions; termination benefits, when.

79-957.  Termination of employment before retirement date; certified service record; statement of accumulated contributions; termination benefits, when.Upon termination of employment for any reason other than death, before qualifying for retirement under section 79-931, the retirement board shall, upon request, issue the member a certified service record and statement of accumulated contributions and retain such member's accumulated contributions. In such event, no further contributions shall be required, regular interest on accumulated contributions shall continue to be credited to his or her account, and none of the member's retirement rights shall be canceled. At age sixty-five or after thirty-five years of creditable service, such member shall become eligible to receive the retirement allowance provided in sections 79-933 and 79-934. Any deferred formula annuity provided shall be based on the member's compensation preceding the date of termination as if the member had retired on his or her date of termination. At the option of the terminating member, and if such member has completed at least five but less than thirty-five years of creditable service, such annuity may commence at any time after such member attains the age of sixty years and before his or her sixty-fifth birthday and shall be reduced by the percentages prescribed in section 79-934. Such election by the terminating member may be made at any time prior to the commencement of the annuity payments.Source   Laws 1945, c. 219, § 30, p. 648;   R.S.Supp.,1947, § 79-2930;   Laws 1949, c. 256, § 463, p. 850;   Laws 1975, LB 56, § 2;   Laws 1976, LB 33, § 1;   Laws 1986, LB 325, § 10;   Laws 1987, LB 549, § 11;   Laws 1988, LB 160, § 3;   Laws 1991, LB 549, § 38;   R.S.1943, (1994), § 79-1529;   Laws 1996, LB 900, § 592;   Laws 1996, LB 1076, § 28;   Laws 1997, LB 624, § 21.
NE Code § 79-958 (2021)
2021 Nebraska Revised Statutes|Chapter 79 - Schools|79-958 - Employee; employer; required deposits and contributions.

79-958.  Employee; employer; required deposits and contributions.(1) Beginning on September 1, 2012, for the purpose of providing the funds to pay for formula annuities, every employee shall be required to deposit in the School Retirement Fund nine and seventy-eight hundredths percent of compensation. Such deposits shall be transmitted at the same time and in the same manner as required employer contributions.(2) For the purpose of providing the funds to pay for formula annuities, every employer shall be required to deposit in the School Retirement Fund one hundred one percent of the required contributions of the school employees of each employer. Such deposits shall be transmitted to the retirement board at the same time and in the same manner as such required employee contributions.(3) The employer shall pick up the member contributions required by this section for all compensation paid on or after January 1, 1986, and the contributions so picked up shall be treated as employer contributions pursuant to section 414(h)(2) of the Internal Revenue Code in determining federal tax treatment under the code and shall not be included as gross income of the member until such time as they are distributed or made available. The contributions, although designated as member contributions, shall be paid by the employer in lieu of member contributions. The employer shall pay these member contributions from the same source of funds which is used in paying earnings to the member. The employer shall pick up these contributions by a compensation deduction through a reduction in the cash compensation of the member. Member contributions picked up shall be treated for all purposes of the School Employees Retirement Act in the same manner and to the same extent as member contributions made prior to the date picked up.(4) The employer shall pick up the member contributions made through irrevocable payroll deduction authorizations pursuant to sections 79-921 and 79-933.03 to 79-933.06, and the contributions so picked up shall be treated as employer contributions in the same manner as contributions picked up under subsection (3) of this section.Source   Laws 1945, c. 219, § 32, p. 649;   R.S.Supp.,1947, § 79-2932;   Laws 1949, c. 256, § 465, p. 851;   Laws 1951, c. 291, § 6, p. 968;   Laws 1959, c. 414, § 2, p. 1388;   Laws 1967, c. 546, § 9, p. 1806;   Laws 1971, LB 987, § 24;   Laws 1984, LB 457, § 3;   Laws 1985, LB 353, § 3;   Laws 1986, LB 325, § 11;   Laws 1988, LB 160, § 4;   Laws 1988, LB 1170, § 6;   Laws 1991, LB 549, § 39;   Laws 1994, LB 833, § 33;   Laws 1995, LB 574, § 80;   Laws 1996, LB 700, § 10;   R.S.Supp.,1995, § 79-1531;   Laws 1996, LB 900, § 593;   Laws 1997, LB 623, § 27;   Laws 1998, LB 1191, § 57;  Laws 2001, LB 408, § 17;  Laws 2002, LB 407, § 35;  Laws 2005, LB 503, § 10;  Laws 2007, LB596, § 2;  Laws 2009, LB187, § 1;  Laws 2011, LB382, § 1;  Laws 2013, LB263, § 19;  Laws 2013, LB553, § 8;  Laws 2017, LB415, § 33.
NE Code § 79-959 (2021)
2021 Nebraska Revised Statutes|Chapter 79 - Schools|79-959 - Account of member; credit with regular interest.

79-959.  Account of member; credit with regular interest.The account of each member in the School Retirement Fund shall be credited with regular interest earned monthly, quarterly, semiannually, or annually as the retirement board may direct.Source   Laws 1945, c. 219, § 33, p. 649;   R.S.Supp.,1947, § 79-2933;   Laws 1949, c. 256, § 466, p. 851;   Laws 1967, c. 546, § 10, p. 1807;   Laws 1969, c. 735, § 10, p. 2781;   Laws 1974, LB 905, § 7;   Laws 1986, LB 311, § 19;   Laws 1988, LB 1170, § 7;   R.S.1943, (1994), § 79-1532;   Laws 1996, LB 900, § 594.
NE Code § 79-960 (2021)
2021 Nebraska Revised Statutes|Chapter 79 - Schools|79-960 - Employer; deduction; remittances; fees; interest charge.

79-960.  Employer; deduction; remittances; fees; interest charge.Every employer shall deduct and withhold an amount pursuant to section 79-958 from the compensation as a school employee of each member on each payroll period after such school employee becomes a member of the retirement system. The employer shall transmit periodically, as directed by the retirement board and in such form as is approved by the retirement board, such amounts and any other information required by the board. The board shall immediately transmit to the State Treasurer all payments received. The board may charge the employer a late administrative processing fee not to exceed twenty-five dollars if the information and money required by section 79-958 are delinquent or are not timely received by the board. In addition, the board may charge the employer a late fee of thirty-eight thousandths of one percent of the amount required to be submitted pursuant to this section for each day such amount has not been received. The late fee may be used to make a member's account whole for any costs that may have been incurred by the member due to the late receipt of contributions. The board shall charge the employer an amount equal to the interest which would have accrued if the delinquent report causes the employee to lose interest on his or her account. The proceeds of the interest charge shall be used to reimburse the account of each school employee deprived of interest by the delay.Source   Laws 1945, c. 219, § 34, p. 649;   R.S.Supp.,1947, § 79-2934;   Laws 1949, c. 256, § 467, p. 851;   Laws 1951, c. 291, § 7, p. 969;   Laws 1967, c. 546, § 11, p. 1807;   Laws 1984, LB 457, § 4;   Laws 1986, LB 325, § 12;   Laws 1988, LB 160, § 5;   Laws 1988, LB 1170, § 8;   Laws 1991, LB 549, § 40;   Laws 1994, LB 1306, § 3;   R.S.1943, (1994), § 79-1533;   Laws 1996, LB 900, § 595;   Laws 1996, LB 1076, § 29;  Laws 1999, LB 272, § 92;  Laws 2000, LB 1192, § 17;  Laws 2002, LB 407, § 36.
NE Code § 79-962 (2021)
2021 Nebraska Revised Statutes|Chapter 79 - Schools|79-962 - Contract of employment; contents.

79-962.  Contract of employment; contents.Every contract of employment with a school employee shall specify (1) the contractual period of employment, including the starting and ending dates of the contract, and (2) that it is subject to the provisions of the School Employees Retirement Act.Source   Laws 1945, c. 219, § 36, p. 650;   R.S.Supp.,1947, § 79-2936;   Laws 1949, c. 256, § 469, p. 852;   R.S.1943, (1994), § 79-1535;   Laws 1996, LB 900, § 597;   Laws 1997, LB 347, § 27;  Laws 2013, LB263, § 20.
NE Code § 79-963 (2021)
2021 Nebraska Revised Statutes|Chapter 79 - Schools|79-963 - Director; employer and employee; furnish information.

79-963.  Director; employer and employee; furnish information.Every employer and school employee shall send to the director of the Nebraska Public Employees Retirement Systems, as specified in section 79-906, upon request and in the manner required by the director, such information as he or she may require (1) for the identification of school employees and (2) for the determination of the membership of the retirement system and the obligations of the employer and school employee to the retirement system.Source   Laws 1945, c. 219, § 37, p. 650;   R.S.Supp.,1947, § 79-2937;   Laws 1949, c. 256, § 470, p. 852;   Laws 1951, c. 293, § 4, p. 972;   Laws 1969, c. 735, § 11, p. 2782;   Laws 1988, LB 1170, § 9;   Laws 1991, LB 549, § 41;   R.S.1943, (1994), § 79-1536;   Laws 1996, LB 900, § 598;  Laws 2000, LB 1192, § 18;  Laws 2002, LB 407, § 37.
NE Code § 79-964 (2021)
2021 Nebraska Revised Statutes|Chapter 79 - Schools|79-964 - Employer; pay to board; withholding of excess deduction.

79-964.  Employer; pay to board; withholding of excess deduction.Every employer shall pay to the retirement board the required deposits made by every member in the service of such employer. No employer shall, without the consent of the member, withhold or deduct from any member's compensation on any payroll any amount in excess of the required deduction for the period covered by such payroll.Source   Laws 1956, c. 219, § 38, p. 650;   R.S.Supp.,1947, § 79-2938;   Laws 1949, c. 256, § 471, p. 852;   Laws 1976, LB 30, § 4;   R.S.1943, (1994), § 79-1537;   Laws 1996, LB 900, § 599.
NE Code § 79-965 (2021)
2021 Nebraska Revised Statutes|Chapter 79 - Schools|79-965 - Payment of compensation less required deductions; discharge of claims for service.

79-965.  Payment of compensation less required deductions; discharge of claims for service.Notwithstanding any other law, rule, or regulation affecting the salary, pay, compensation, or tenure of any member, payment of such salary, pay, or compensation to such member, less the required deductions provided for in the School Employees Retirement Act, shall be a full and complete discharge and acquittance of all claims for service rendered by such member during the period covered by such payment.Source   Laws 1945, c. 219, § 39, p. 651;   R.S.Supp.,1947, § 79-2939;   Laws 1949, c. 256, § 472, p. 853;   R.S.1943, (1994), § 79-1538;   Laws 1996, LB 900, § 600.
NE Code § 79-967 (2021)
2021 Nebraska Revised Statutes|Chapter 79 - Schools|79-967 - Board; determine rates of benefits; adjustments; distribution of gains and savings.

79-967.  Board; determine rates of benefits; adjustments; distribution of gains and savings.As often as may be necessary, the retirement board shall cause to be made a thorough investigation of the several funds or account of the retirement system for the purpose of determining the rates at which the benefits will be granted. It shall make adjustments in such rates as, upon recommendation of the actuary, may appear to be proper for maintaining solvency of the several funds or account. No revision of rates shall affect adversely the rights of any beneficiary under an application made prior to such revision. The retirement board shall, from time to time, order and make such distribution of gains and savings to the several funds or account as it may deem equitable.Source   Laws 1945, c. 219, § 43, p. 652;   R.S.Supp.,1947, § 79-2943;   Laws 1949, c. 256, § 476, p. 854;   Laws 1969, c. 736, § 2, p. 2787;   Laws 1988, LB 1170, § 11;   R.S.1943, (1994), § 79-1542;   Laws 1996, LB 900, § 602;   Laws 1998, LB 1191, § 58;  Laws 2002, LB 407, § 40.
NE Code § 79-968 (2021)
2021 Nebraska Revised Statutes|Chapter 79 - Schools|79-968 - Retirement system; assets; funds; account; investment.

79-968.  Retirement system; assets; funds; account; investment.All assets of the retirement system shall be credited, according to the purpose for which they are held, to the Expense Fund, to the School Retirement Fund, or to the Contingent Account. Any money in the account or funds available for investment shall be invested by the state investment officer pursuant to the Nebraska Capital Expansion Act and the Nebraska State Funds Investment Act.Source   Laws 1945, c. 219, § 46, p. 653;   R.S.Supp.,1947, § 79-2946;   Laws 1949, c. 256, § 479, p. 855;   Laws 1965, c. 530, § 5, p. 1668;   Laws 1967, c. 546, § 12, p. 1808;   Laws 1969, c. 584, § 88, p. 2401;   Laws 1988, LB 1170, § 12;   Laws 1993, LB 292, § 4;   Laws 1994, LB 1066, § 90;   R.S.1943, (1994), § 79-1545;   Laws 1996, LB 900, § 603;  Laws 2002, LB 407, § 41.  Cross References   Nebraska Capital Expansion Act, see section 72-1269.  Nebraska State Funds Investment Act, see section 72-1260.
NE Code § 79-969 (2021)
2021 Nebraska Revised Statutes|Chapter 79 - Schools|79-969 - Beneficiary designation; order of priority.

79-969.  Beneficiary designation; order of priority.(1) Except as provided in section 42-1107, in the event of a member's death, the death benefit shall be paid to the following, in order of priority:(a) To the member's surviving designated beneficiary on file with the board;(b) To the spouse married to the member on the member's date of death if there is no surviving designated beneficiary on file with the board; or(c) To the member's estate if the member is not married on the member's date of death and there is no surviving designated beneficiary on file with the board.(2) The priority designations described in subsection (1) of this section shall not apply if the member has retired under a joint and survivor benefit option.Source Laws 2019, LB34, § 11.
NE Code § 79-971 (2021)
2021 Nebraska Revised Statutes|Chapter 79 - Schools|79-971 - Accumulated contributions; use.

79-971.  Accumulated contributions; use.The Nebraska Public Employees Retirement Systems shall keep an accounting of the required deposits from the compensation of members collected to provide savings annuities. The accumulated contributions, plus statutorily required accumulated interest, of a member may be (1) returned to the member upon the member's termination, (2) paid pursuant to section 79-969 in the event of the member's death, or (3) in the event of the member's retirement, used to assist in funding the member's school retirement allowance, disability retirement allowance, or formula annuity allowance. Any accumulated contributions forfeited shall be transferred from the School Retirement Fund to the Contingent Account.Source   Laws 1945, c. 219, § 47, p. 653;   R.S.Supp.,1947, § 79-2947;   Laws 1949, c. 256, § 480, p. 855;   Laws 1969, c. 735, § 14, p. 2783;   Laws 1971, LB 987, § 26;   Laws 1987, LB 549, § 12;   Laws 1988, LB 1170, § 15;   R.S.1943, (1994), § 79-1546;   Laws 1996, LB 900, § 606;  Laws 2002, LB 407, § 43;  Laws 2019, LB34, § 16.
NE Code § 79-972.01 (2021)
2021 Nebraska Revised Statutes|Chapter 79 - Schools|79-972.01 - School Retirement Fund; created; use.

79-972.01.  School Retirement Fund; created; use.The School Retirement Fund is created. The required deposits of an employer, the state, and the employees shall be credited to the fund and all savings annuities, service annuities, and formula annuities shall be paid from the fund as provided in the School Employees Retirement Act. Subfunds may be established as necessary. Any unexpended balance existing on June 30, 2002, in the School Employers Deposit Account, the Service Annuity Account, the School Employees Savings Account, the Annuity Reserve Account, and the School Employees Retirement System Reserve Fund shall be transferred to the School Retirement Fund.Source  Laws 2002, LB 407, § 42;  Laws 2021, LB147, § 6.   Effective Date: May 27, 2021
NE Code § 79-973 (2021)
2021 Nebraska Revised Statutes|Chapter 79 - Schools|79-973 - Contingent Account; created; use.

79-973.  Contingent Account; created; use.A Contingent Account is created (1) to facilitate the crediting of regular interest on the amounts in the School Retirement Fund, (2) to fund the adjusted supplemental retirement benefit provided by section 79-947, and (3) to provide an account to cover any special requirements of the School Retirement Fund or the Expense Fund. All income, interest, and dividends derived from the deposits and investments authorized by the School Employees Retirement Act shall be paid into the Contingent Account. The retirement board may accept gifts, devises, and bequests. Any funds which may come into the possession of the retirement system in this manner or which may be transferred from the School Retirement Fund by reason of the lack of a claimant or because of a surplus in any fund or account described in section 79-968, or any other money the disposition of which is not otherwise provided for in the act, shall be credited to the Contingent Account. Any deficit occurring in the School Retirement Fund or in the Expense Fund shall be met by payments to the fund from the Contingent Account. Annually the retirement board shall estimate the amount of money deemed necessary to pay the obligation levied against the Contingent Account, including regular interest. If such amount exceeds the revenue estimated to accrue to the fund for that year, such excess shall be certified to the State Treasurer and shall, on warrant of the Director of Administrative Services, be transferred from funds appropriated by the state for such purpose to the Contingent Account.Source   Laws 1945, c. 219, § 50, p. 654;   R.S.Supp.,1947, § 79-2950;   Laws 1949, c. 256, § 483, p. 856;   Laws 1965, c. 530, § 8, p. 1669;   Laws 1971, LB 987, § 28;   Laws 1988, LB 1170, § 17;   Laws 1991, LB 549, § 43;   Laws 1993, LB 292, § 5;   R.S.1943, (1994), § 79-1549;   Laws 1996, LB 900, § 608;  Laws 2002, LB 407, § 44.
NE Code § 79-974 (2021)
2021 Nebraska Revised Statutes|Chapter 79 - Schools|79-974 - Expense Fund; created; use.

79-974.  Expense Fund; created; use.The Expense Fund is created and is the fund to which shall be credited the proportionate share of administration expense transferred from the Contingent Account at the direction of the retirement board. The Expense Fund shall be credited with money from the retirement system assets and income sufficient to pay the pro rata share of administrative expenses incurred as directed by the board for the proper administration of the School Employees Retirement Act and necessary in connection with the administration and operation of the retirement system. Annually, as soon after July 1 as is practicable, the retirement board shall estimate the amount of money which is deemed necessary to be paid into the Expense Fund for that fiscal year.Source   Laws 1945, c. 219, § 51, p. 655;   R.S.Supp.,1947, § 79-2951;   Laws 1949, c. 256, § 484, p. 857;   Laws 1971, LB 987, § 29;   Laws 1988, LB 1170, § 18;   R.S.1943, (1994), § 79-1550;   Laws 1996, LB 900, § 609;  Laws 2001, LB 408, § 18;  Laws 2005, LB 364, § 10.
NE Code § 79-976 (2021)
2021 Nebraska Revised Statutes|Chapter 79 - Schools|79-976 - Investment services; charges; report; state investment officer; duty.

79-976.  Investment services; charges; report; state investment officer; duty.Any funds of the retirement system available for investment shall be invested by the Nebraska Investment Council pursuant to the Nebraska Capital Expansion Act and the Nebraska State Funds Investment Act. Payment for investment services by the council shall be charged directly against the gross investment returns of the funds. Charges so incurred shall not be a part of the retirement board's annual budget request. The amounts of payment for such services, as of December 31 of each year, shall be reported not later than March 31 of the following year to the council, the retirement board, and the Nebraska Retirement Systems Committee of the Legislature. The report submitted to the committee shall be submitted electronically. All money received by the State Treasurer and the retirement board for the retirement system shall be invested by the state investment officer within thirty-one days after receipt.Source   Laws 1967, c. 546, § 17, p. 1809;   Laws 1969, c. 584, § 89, p. 2401;   Laws 1986, LB 311, § 21;   Laws 1988, LB 1170, § 20;   Laws 1991, LB 549, § 46;   Laws 1994, LB 1066, § 91;   R.S.1943, (1994), § 79-1556;   Laws 1996, LB 900, § 611;  Laws 2002, LB 407, § 45;  Laws 2012, LB782, § 156. Cross References   Nebraska Capital Expansion Act, see section 72-1269.  Nebraska State Funds Investment Act, see section 72-1260.