Neb. Rev. Stat. §§ 84-1313.02

Current with changes through the 2024 First Special Legislative Session
Section 84-1313.02 - Retirement system; transfer eligible rollover distribution; conditions

The retirement system may transfer any distribution of benefits to a member which is an eligible rollover distribution as defined in section 84-1312 in a direct rollover to the deferred compensation plan authorized under section 84-1504 if the following conditions are met:

(1) The member has an amount of compensation deferred immediately after the rollover at least equal to the amount of compensation deferred immediately before the rollover;
(2) The account of the member is valued as of the date of final account value;
(3) The member is not eligible for additional annual deferrals in the receiving plan unless the member is performing services for the state; and
(4) The deferred compensation plan provides for such rollovers.

Neb. Rev. Stat. §§ 84-1313.02

Laws 2009, LB 188, § 12; Laws 2011, LB 509, § 47.