Bill
Bill > LB820
NE LB820
NE LB820Change retirement provisions relating to approved identification documents, participation in certain retirement systems, state contributions, ex officio members of the Nebraska Investment Council, contributions by school districts, and computation of tax withholdings, and change the title of the executive director of the Nebraska Public Employees Retirement Systems
summary
Introduced
01/07/2026
01/07/2026
In Committee
01/09/2026
01/09/2026
Crossed Over
Passed
Dead
Introduced Session
Potential new amendment
109th Legislature
Bill Summary
A BILL FOR AN ACT relating to retirement; to amend sections 23-2305.01, 23-2312, 24-705, 42-1111, 79-905, 79-906, 79-907, 79-930, 79-963, 79-979.01, 79-983, 79-989, 79-992, 79-9,113, 79-9,115, 79-9,121, 81-2019, 81-2019.01, 81-2021, 81-2022, 84-1305.01, 84-1305.02, 84-1503, 84-1503.03, and 84-1512, Reissue Revised Statutes of Nebraska, sections 24-704, 24-704.01, 24-710, 72-1237, and 72-1239, Revised Statutes Cumulative Supplement, 2024, and sections 4-108, 23-2306, 24-703, 24-703.01, 49-617, 79-904.01, 79-915, 79-916, 79-966, 79-978, 79-9,118, 81-2016, 84-1307, and 84-1504, Revised Statutes Supplement, 2025; to define approved identification document; to change provisions relating to participation in certain retirement systems by certain state agencies and political subdivisions; to change the title to executive director of the Nebraska Public Employees Retirement Systems; to rename certain state transfers as state contributions; to change provisions relating to the ex officio members of the Nebraska Investment Council, certain contributions by school districts, and the computation of certain tax withholdings relating to deferred compensation; to eliminate obsolete provisions under the Class V School Employees Retirement Act and the Class V School Employees Retirement Fund; to eliminate obsolete provisions; to harmonize provisions; and to repeal the original sections.
AI Summary
This bill makes several changes to Nebraska's retirement laws, including defining "approved identification document" for verifying lawful presence in the United States for participation in retirement systems and for deferred compensation plans. It also renames certain state transfers as "state contributions," changes the title of the executive director of the Nebraska Public Employees Retirement Systems (NPERS), and adjusts provisions related to ex officio members of the Nebraska Investment Council, school district contributions, and how tax withholdings are calculated for deferred compensation. Additionally, the bill removes outdated provisions from the Class V School Employees Retirement Act and related fund, harmonizes various statutes, and repeals the original sections of law that are being amended.
Committee Categories
Labor and Employment
Sponsors (0)
No sponsors listed
Other Sponsors (1)
Nebraska Retirement Systems Committee (Unicameral)
Last Action
Nebraska Retirement Systems priority bill (on 02/17/2026)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=62672 |
| Fiscal Note for LB820 | https://nebraskalegislature.gov/FloorDocs/109/PDF/FN/LB820_20260122-124750.pdf |
| Analysis - Statement of Intent | https://nebraskalegislature.gov/FloorDocs/109/PDF/SI/LB820.pdf |
| Kauth FA449 | https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA449.pdf |
| BillText | https://nebraskalegislature.gov/FloorDocs/109/PDF/Intro/LB820.pdf |
Loading...