reglab/housing_qa huggingface dataset:
NE Code § 79-992.01 (2021)
2021 Nebraska Revised Statutes|Chapter 79 - Schools|79-992.01 - Termination of employment; employer; duties; member; duties.

79-992.01.  Termination of employment; employer; duties; member; duties.(1) An employer participating in a retirement system established pursuant to the Class V School Employees Retirement Act shall:(a)(i) Until September 1, 2024, notify the administrator and the board of trustees in writing of the date upon which a termination of employment has occurred and provide the administrator and the board of trustees with such information as the board of trustees deems necessary; and(ii) Beginning September 1, 2024, notify the retirement board in writing of the date upon which a termination of employment has occurred and provide the administrator and the board with such information as the administrator and the board deem necessary;(b)(i) Until September 1, 2024, notify the administrator and the board of trustees in writing whether or not a member accepted and received an early retirement inducement; and(ii) Beginning September 1, 2024, notify the retirement board in writing whether or not a member accepted and received an early retirement inducement; and(c) Submit in writing with the notice of termination of employment and notice of receipt of an early retirement inducement a completed certification by an employer and member under penalty of prosecution pursuant to section 79-992.02 that, prior to the member's termination, there was no prearranged written or verbal agreement for the member to return to service in any capacity with the same employer.(2) The member shall submit (a) to the administrator and the board of trustees until September 1, 2024, and (b) to the retirement board beginning September 1, 2024, upon the member's termination, under penalty of prosecution pursuant to section 79-992.02, completed certification on forms prescribed by the administrator and the board of trustees or the retirement board, as applicable, stating whether or not the member accepted and received an early retirement inducement from his or her employer.(3) Until September 1, 2024, and except as provided in section 79-981, the board of trustees, and, beginning September 1, 2024, the retirement board, may adopt and promulgate rules and regulations and prescribe forms as the board of trustees or the retirement board, as applicable, determines appropriate in order to carry out this section and to ensure full disclosure and reporting by an employer and member in order to minimize fraud and abuse and the filing of false or fraudulent claim or benefit applications.Source  Laws 2017, LB415, § 38;  Laws 2021, LB147, § 27.   Effective Date: May 27, 2021
NE Code § 79-992.02 (2021)
2021 Nebraska Revised Statutes|Chapter 79 - Schools|79-992.02 - False or fraudulent claim or benefit application; prohibited acts; penalty.

79-992.02.  False or fraudulent claim or benefit application; prohibited acts; penalty.(1) Any person who, knowing it to be false or fraudulent, presents or causes to be presented a false or fraudulent claim or benefit application, any false or fraudulent proof in support of such a claim or benefit, or false or fraudulent information which would affect a future claim or benefit application to be paid under a retirement system for the purpose of defrauding or attempting to defraud the retirement system shall be guilty of a Class II misdemeanor. The (a) administrator and the board until September 1, 2024, and (b) retirement board beginning September 1, 2024, shall deny any benefits that it determines are based on false or fraudulent information and shall have a cause of action against the member to recover any benefits already paid on the basis of such information.(2) Any employee, member of a board of education, or agent of any employer who willfully fails or refuses to furnish to the (a) administrator and the board of trustees until September 1, 2024, and (b) retirement board beginning September 1, 2024, upon its request and in the manner prescribed by it such information, data, or records, as may be necessary for carrying into effect the Class V School Employees Retirement Act, shall be guilty of a Class V misdemeanor.Source  Laws 2017, LB415, § 39;  Laws 2021, LB147, § 28.   Effective Date: May 27, 2021
NE Code § 79-993 (2021)
2021 Nebraska Revised Statutes|Chapter 79 - Schools|79-993 - Reemployment; repay contributions; limitation; effect.

79-993.  Reemployment; repay contributions; limitation; effect.For one year from May 30, 1987, any person who withdrew his or her accumulated contributions pursuant to section 79-992 prior to May 30, 1987, has again become an employee, and has not previously repaid all of his or her accumulated contributions pursuant to such section may elect to repay any unpaid portion of these accumulated contributions to the retirement system for any number of years of creditable service which he or she accumulated prior to withdrawing his or her accumulated contributions. The amount to be repaid shall not exceed the amount of the withdrawal for the years of creditable service for which the repayment is being made plus the regular interest which would have accrued on that amount under the retirement system. Any person who repays such amount shall be restored to the same status for the years of creditable service for which repayment is made as he or she had prior to the withdrawal of the accumulated contributions.Source   Laws 1987, LB 298, § 1;   R.S.1943, (1994), § 79-1049.01;   Laws 1996, LB 900, § 628.
NE Code § 79-994 (2021)
2021 Nebraska Revised Statutes|Chapter 79 - Schools|79-994 - Employee of another school district; contribution; limitation; effect.

79-994.  Employee of another school district; contribution; limitation; effect.For one year from May 30, 1987, any person who was an employee of another school district prior to May 30, 1987, has joined or rejoined the retirement system, and has not previously paid into the retirement system a total of ten years of service in another school district may elect to pay the retirement system any unpaid portion of such service up to a total of ten years. Such electing employee shall furnish satisfactory proof that he or she has been employed for such period of time by another school district and shall pay to the retirement system the total amount which he or she would have contributed to the retirement system had he or she been a member of the retirement system plus the regular interest which would have accrued on such amount during such period under the retirement system. Such contribution shall be based on the most recent years' salary the employee earned in another school district if the salary is verified by the other school district or, if not, on his or her annual salary at the time he or she became a member and shall be payable in total for the period of time, not exceeding ten years, for which such member requests such prior service credit. Any person who pays such amount shall be given credit for any number of years of service which he or she has elected to pay for, not to exceed ten years of service rendered as an employee in another school district, and shall be given the same status as though he or she had been a member of the retirement system for such number of years, except as otherwise specifically provided in the Class V School Employees Retirement Act.Source   Laws 1987, LB 298, § 2;   R.S.1943, (1994), § 79-1049.02;   Laws 1996, LB 900, § 629;   Laws 1998, LB 497, § 17.
NE Code § 79-995 (2021)
2021 Nebraska Revised Statutes|Chapter 79 - Schools|79-995 - Reemployment; military service; leave of absence; contribution; limitation; effect.

79-995.  Reemployment; military service; leave of absence; contribution; limitation; effect.For one year from May 30, 1987, any person who served in the armed forces as specified in subsection (1) of section 79-990 or who was on a leave of absence as specified in subsection (2) of such section, has again become an employee, and has not previously paid into the system for all of the years of military service or leave of absence permitted by such section may elect to pay into the retirement system for the total number of years of service authorized by such section but not previously paid in. The amount to be paid in by the member shall be calculated as provided in such section. Any person who pays such amount shall be given credit for any number of years of service for which he or she has elected to pay, not to exceed the total number of years authorized by such section, and shall be given the same status as though he or she had been a member of the retirement system for such number of years, except as otherwise specifically provided in the Class V School Employees Retirement Act.Source   Laws 1987, LB 298, § 3;   R.S.1943, (1994), § 79-1049.03;   Laws 1996, LB 900, § 630;   Laws 1998, LB 497, § 18.
NE Code § 79-996 (2021)
2021 Nebraska Revised Statutes|Chapter 79 - Schools|79-996 - Contributions; how paid.

79-996.  Contributions; how paid.The payments provided for by sections 79-993, 79-994, and 79-997 may be made in equal installments over a period of not to exceed two years from the date of the election to make such payments. The payments provided for by section 79-995 may be made in equal installments over a period of not to exceed three years from the date of election to make such payments. Any person who elects to make payments on an installment basis shall be credited with prior service only in six-month increments and only after payment has been made to the retirement system to purchase each additional six-month increment.Source   Laws 1987, LB 298, § 4;   Laws 1988, LB 551, § 7;   R.S.1943, (1994), § 79-1049.04;   Laws 1996, LB 900, § 631;  Laws 2013, LB263, § 26;  Laws 2016, LB447, § 31.
NE Code § 79-997 (2021)
2021 Nebraska Revised Statutes|Chapter 79 - Schools|79-997 - Employee of educational service unit; contribution; limitation; effect.

79-997.  Employee of educational service unit; contribution; limitation; effect.On or before May 27, 1988, any person who was an employee of an educational service unit in the State of Nebraska prior to April 7, 1988, has joined or rejoined the retirement system, and has not previously paid into the retirement system a total of ten years of service in another school district or educational service unit may elect to pay the retirement system any unpaid portion of such service up to a total of ten years. Such electing employee shall furnish satisfactory proof that he or she has been employed for such period of time by an educational service unit and shall pay to the retirement system the total amount which he or she would have contributed to the retirement system had he or she been a member of the retirement system plus the regular interest which would have accrued on such amount during such period under the retirement system. Such contribution shall be based on the most recent years' salary the employee earned in the educational service unit if the salary is verified by the educational service unit or, if not, on his or her annual salary at the time he or she became a member and shall be payable in total for the period of time, not exceeding ten years, for which such member requests such prior service credit. Any person who pays such amount shall be given credit for any number of years of service for which he or she has elected to pay, not to exceed ten years of service rendered as an employee in another school district or educational service unit, and shall be given the same status as though he or she had been a member of the retirement system for such number of years except as otherwise specifically provided in the Class V School Employees Retirement Act. This section shall not apply to employees retiring prior to April 7, 1988.Source   Laws 1988, LB 551, § 1;   R.S.1943, (1994), § 79-1049.05;   Laws 1996, LB 900, § 632;   Laws 1998, LB 497, § 19.
NE Code § 79-999 (2021)
2021 Nebraska Revised Statutes|Chapter 79 - Schools|79-999 - Employees retirement system; annuity; how credited.

79-999.  Employees retirement system; annuity; how credited.After the date of establishment of the retirement system, each member shall be credited annually with a retirement annuity of an amount equal to one and one-half percent of the salary or wage earned by him or her during the then current fiscal year not in excess of five thousand dollars, except that (1) for each member who retires on or after August 31, 1969, such credit shall be an amount equal to one and sixty-five hundredths percent of such salary or wage not in excess of five thousand dollars and (2) for each member who chose the new system in 1951 and who retires on or after August 31, 1976, for service from September 1, 1951, to August 31, 1955, such credit shall be two and four-tenths percent of such salary or wage not in excess of five thousand dollars, for service from September 1, 1955, to August 31, 1963, one and forty-four hundredths percent of such salary or wage not in excess of six thousand dollars, for service from September 1, 1963, to August 31, 1969, one and forty-four hundredths percent of such salary or wage up to the social security wage base, plus two and four-tenths percent of salary or wage in excess thereof, and for service after September 1, 1969, one and forty-four hundredths percent of the first seventy-eight hundred dollars of such salary or wage and two and four-tenths percent of the excess of such salary or wage over seventy-eight hundred dollars. With respect to service rendered prior to the date of establishment of the retirement system, each employee in service or on leave of absence on such date shall be entitled to an annuity on account of prior service. Such annuity shall be such percentage of the maximum annuity to which such member might have been entitled under the terms of a retirement plan previously in effect as the number of years of service under such plan bears to the total number of years for which credit for service might have been granted under such plan, except that no credit shall be given in excess of the maximum annuity provided under such preexisting plan. The number of years of prior service for which credit shall be given under this section shall be the number of years of service with which the employee is credited under such preexisting plan on May 21, 1951. The sum of these two annuities shall constitute the retirement allowance to which the member shall be entitled to be paid beginning on his or her retirement date. Such annuity shall be paid in twelve equal monthly installments unless the amount thereof is less than ten dollars per month in which event payments shall be made quarterly or semiannually.Source   Laws 1951, c. 274, § 13, p. 917;   Laws 1969, c. 724, § 1, p. 2754;   Laws 1972, LB 1116, § 1;   Laws 1976, LB 994, § 2;   Laws 1987, LB 298, § 7;   R.S.1943, (1994), § 79-1044;   Laws 1996, LB 900, § 634.
NE Code § 79-9,100.01 (2021)
2021 Nebraska Revised Statutes|Chapter 79 - Schools|79-9,100.01 - Employees retirement system; annuity reductions; when; computation.

79-9,100.01.  Employees retirement system; annuity reductions; when; computation.(1)(a) For employees who become members on or after July 1, 2016, and prior to July 1, 2018, if the annuity begins at a time when the sum of the member's attained age and creditable service totals eighty-five and the member is at least fifty-five years of age, the annuity shall not be reduced.(b) For employees who become members on or after July 1, 2018, if the annuity begins at a time when the sum of the member's attained age and creditable service totals eighty-five and the member is at least sixty years of age, the annuity shall not be reduced.(2)(a) For an employee who becomes a member prior to July 1, 2018, if the annuity begins on or after the sixtieth birthday of the member and the member has completed at least a total of five years of creditable service, the annuity shall be reduced by twenty-five hundredths percent for each month or partial month between the date the annuity begins and the member's sixty-fifth birthday.(b) For a member hired or rehired on or after July 1, 2018, if the annuity begins on or after the sixtieth birthday and the member has completed at least a total of five years of creditable service including eligibility and vesting credit but has not qualified for an unreduced annuity as specified in this section, the annuity shall be reduced by twenty-five hundredths percent for each month or partial month between the date the annuity begins and the member's sixty-fifth birthday.(3) A member's attained age shall be measured in one-half-year increments.(4) Except as provided in section 42-1107, the normal form of the formula retirement annuity based on final average compensation shall be an annuity payable monthly during the remainder of the member's life with the provision that, in the event of his or her death before sixty monthly payments have been made, the monthly payments will be continued to his or her estate or to the beneficiary he or she has designated until a total of sixty monthly payments have been made. A member may elect to receive, in lieu of the normal form of annuity, an actuarially equivalent annuity in any optional form provided by section 79-9,101.(5) All formula annuities shall be paid from the Class V School Employees Retirement Fund.Source  Laws 2016, LB447, § 34;  Laws 2017, LB415, § 40.
NE Code § 79-9,102 (2021)
2021 Nebraska Revised Statutes|Chapter 79 - Schools|79-9,102 - Employees retirement system; annuity or other benefit; limitations.

79-9,102.  Employees retirement system; annuity or other benefit; limitations.(1) Notwithstanding any other provision of the Class V School Employees Retirement Act, no member or beneficiary of the retirement system shall receive in any calendar year an annuity or other benefit which would exceed the maximum benefit permitted under section 415 of the Internal Revenue Code, or any successor provision and the regulations issued thereunder, as they may be amended from time to time, and as adjusted as of January 1 of each calendar year to the dollar limitation as determined for such year by the Commissioner of Internal Revenue pursuant to section 415(d) of the Internal Revenue Code to reflect cost-of-living adjustments, and the amount of benefit to be paid to any member or beneficiary by the retirement system shall be adjusted each calendar year, if necessary, to conform with the maximum benefit permitted under section 415 of the Internal Revenue Code. The cost-of-living adjustment to the maximum benefit permitted under section 415 of the Internal Revenue Code shall apply to determining the maximum benefit of a member who severed employment or commenced receiving benefits prior to the effective date of the adjustment.(2) Any payments provided for by sections 79-990, 79-991, and 79-992 for the purchase or restoration of creditable service shall be subject to the limitations of section 415 of the Internal Revenue Code on annual additions to the retirement system. Until September 1, 2024, the board, and, beginning September 1, 2024, the retirement board, may suspend payments, alter installment periods, or, if such suspension or alteration is not possible, deny the purchase of all or a portion of the creditable service desired to be purchased, as necessary to comply with the requirements of section 415 of the Internal Revenue Code.(3) This section is intended to meet and incorporate the requirements of section 415 of the Internal Revenue Code and regulations under that section that are applicable to governmental plans and shall be construed in accordance with section 415 of the Internal Revenue Code and the regulations issued thereunder and shall, by this reference, incorporate any subsequent changes made to such section as the same may apply to the retirement system.Source   Laws 1985, LB 215, § 8;   Laws 1995, LB 574, § 75;   R.S.Supp.,1995, § 79-1046.01;   Laws 1996, LB 900, § 637;   Laws 1997, LB 623, § 31;   Laws 1998, LB 497, § 22;  Laws 2013, LB263, § 27;  Laws 2016, LB447, § 35;  Laws 2021, LB147, § 30.   Effective Date: May 27, 2021
NE Code § 79-9,104 (2021)
2021 Nebraska Revised Statutes|Chapter 79 - Schools|79-9,104 - Employees retirement system; annuities; benefits; exempt from claims of creditors; exceptions.

79-9,104.  Employees retirement system; annuities; benefits; exempt from claims of creditors; exceptions.(1) All annuities and other benefits payable under the Class V School Employees Retirement Act and all accumulated credits of members of the retirement system shall not be assignable or subject to execution, garnishment, or attachment except to the extent that such annuity or benefit is subject to a qualified domestic relations order as such term is defined in and which meets the requirements of section 414(p) of the Internal Revenue Code. Payments under such a qualified domestic relations order shall be made only after the administrator of the retirement system receives written notice of such order and such additional information and documentation as the administrator may require.(2) In lieu of the assignment of a member's future annuity or benefit to the member's spouse or former spouse, the retirement system shall permit the spouse or former spouse of a member to receive, pursuant to a qualified domestic relations order, a single sum payment of a specified percentage of the member's accumulated contributions on the condition that upon the payment of such amount the spouse or former spouse shall have no further interest in the retirement system or in the remaining benefit of the member under the retirement system.(3) A member's interest and benefits under the retirement system shall be reduced, either at termination of employment, retirement, disability, or death, by the actuarial value of the benefit assigned or paid to the member's spouse, former spouse, or other dependents under a qualified domestic relations order, as determined by the plan actuary on the basis of the actuarial assumptions then recommended by the actuary pursuant to section 79-984.Source   Laws 1951, c. 274, § 29, p. 925;   Laws 1991, LB 350, § 8;   R.S.1943, (1994), § 79-1060;   Laws 1996, LB 900, § 639;   Laws 1997, LB 623, § 32;   Laws 1998, LB 497, § 24;  Laws 2000, LB 155, § 3;  Laws 2012, LB916, § 26;  Laws 2015, LB40, § 11.
NE Code § 79-9,107 (2021)
2021 Nebraska Revised Statutes|Chapter 79 - Schools|79-9,107 - Employees retirement system; funds; investment; violations; penalty.

79-9,107.  Employees retirement system; funds; investment; violations; penalty.The funds of the retirement system which are not required for current operations shall be invested and reinvested (1) before January 1, 2017, by the board of trustees subject to the approval of the board of education or Class V Retirement System Board as provided in sections 79-9,108 to 79-9,111 and (2) on and after January 1, 2017, by the council and the state investment officer in accordance with the Nebraska State Funds Investment Act without the approval of the board of education, board of trustees, or retirement board, as applicable. Except as otherwise provided in the Class V School Employees Retirement Act, no trustee and no member of the board of education shall have any direct interest in the income, gains, or profits of any investment made by the board of trustees, nor shall any such person receive any pay or emolument for services in connection with any such investment. Neither the state investment officer nor any trustee, member of the board of education, member of the retirement board, nor member of the council shall become an endorser or surety or in any manner an obligor for money loaned by or borrowed from the retirement system. Any person who violates any of these restrictions shall be guilty of a Class II misdemeanor.Source   Laws 1951, c. 274, § 20, p. 921;   Laws 1967, c. 545, § 1, p. 1791;   Laws 1977, LB 39, § 257;   Laws 1986, LB 1048, § 1;   Laws 1989, LB 237, § 4;   R.S.1943, (1994), § 79-1051;   Laws 1996, LB 900, § 642;   Laws 1998, LB 497, § 25;  Laws 2006, LB 1024, § 67;  Laws 2016, LB447, § 38;  Laws 2021, LB147, § 33.   Effective Date: May 27, 2021  Cross References  Nebraska State Funds Investment Act, see section 72-1260.