Bill > LB179

This bill modifies retirement contribution rates for police officers and optional benefit forms for firefighters in cities of the first class in Nebraska. For police officers, the bill changes the contribution rate from seven percent to nine percent of their salary, with this new rate taking effect on October 1, 2025. The bill also requires cities to "pick up" or cover these contributions, treating them as employer contributions for tax purposes. For firefighters, the bill expands the optional benefit forms at retirement to allow more flexibility in how they receive their retirement value, including the ability to receive a single lump-sum payment or multiple partial payments in amounts and frequencies of their choosing. These changes aim to provide more options and potentially improved retirement benefits for police officers and firefighters. The bill will become operative in stages, with some provisions taking effect immediately and others on October 1, 2025, and it repeals the original sections of the existing law to make way for these updates.

Labor and Employment

https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=59376