38-921

38-921. Transfer of retirement service credits
from one retirement system or plan to another retirement system or
plan in this state; definitions

A. An active or inactive member of a state retirement system or plan, including the
retirement system provided for in article 2 of this chapter, the elected officials'
retirement plan provided for in article 3 of this chapter, the public safety personnel
retirement system provided for in article 4 of this chapter or the corrections officer
retirement plan provided for in article 6 of this chapter, may transfer service credits
from one system or plan to the member's current or former system or plan pursuant to
section 38-922 if all of the following conditions are met:

1. The board governing the retirement system or plan from which the service credits
are being transferred mutually agrees with the board governing the retirement system or
plan to which the service credits are being transferred regarding the terms of the
transfer.

2. The transfer does not cause either the retirement system or plan to which the
transfer is made or the retirement system or plan from which the transfer is made to
incur any unfunded accrued liabilities as a result of the transfer.

3. The member initiates the transfer by making written application to the governing
board of the retirement system or plan to which the member is contributing.

B. For the purposes of this section:

1. "Active member" means a member who satisfies the eligibility criteria of the
state retirement system or plan and who is currently making member contributions to or
receiving credited service from the state retirement system or plan.

2. "Inactive member" means a member of the state retirement system or plan who
previously made contributions to the state retirement system or plan and who satisfies
each of the following:

(a) Has not retired.

(b) Is not eligible for active membership in the state retirement system or plan.

(d) Has not withdrawn contributions from the state retirement system or plan.