State Codes and Statutes

Statutes > Nebraska > Chapter84 > 84-1317

84-1317. Employees;retirement date; application for benefits; deferment of benefits; board; duties.(1) Upon filing an application for benefits with the board,an employee may elect to retire after the attainment of age fifty-five oran employee may retire as a result of disability at any age.(2) The member shall specify in the application for benefitsthe manner in which he or she wishes to receive the retirement benefit underthe options provided by the State Employees Retirement Act. Payment underthe application for benefits shall be made (a) for annuities, no sooner thanthe annuity start date, and (b) for other distributions, no sooner than thedate of final account value.(3) Payment of any benefit provided under the retirementsystem may not be deferred later than April 1 of the year following the yearin which the employee has both attained at least age seventy and one-halfyears and terminated his or her employment with the state, except that for members participating in the defined contributionbenefit, no distribution is required to be made for the plan year commencingJanuary 1, 2009, through December 31, 2009.(4) The board shall make reasonable efforts to locate themember or the member's beneficiary and distribute benefits by the requiredbeginning date as specified by section 401(a)(9) of the Internal Revenue Codeand the regulations issued thereunder. If the board is unable to make sucha distribution, the benefit shall be distributed pursuant to the Uniform Dispositionof Unclaimed Property Act and no amounts may be applied to increase the benefitsany member would otherwise receive under the State Employees Retirement Act. SourceLaws 1963, c. 532, § 17, p. 1673; Laws 1967, c. 619, § 2, p. 2075; Laws 1971, LB 360, § 1; Laws 1973, LB 498, § 4; Laws 1973, LB 55, § 1; Laws 1974, LB 740, § 2; Laws 1979, LB 391, § 7; Laws 1979, LB 161, § 3; Laws 1981, LB 288, § 1; Laws 1982, LB 287, § 5; Laws 1983, LB 604, § 25; Laws 1983, LB 219, § 2; Laws 1986, LB 325, § 17; Laws 1986, LB 311, § 32; Laws 1987, LB 296, § 4; Laws 1996, LB 1076, § 39; Laws 1997, LB 624, § 38; Laws 2003, LB 451, § 27; Laws 2009, LB188, § 13. Cross ReferencesUniform Disposition of Unclaimed Property Act, see section 69-1329.