Nebraska Statutes

§ 79-904.01 — Board; power to adjust contributions and benefits; repayment of benefit; overpayment of benefits; investigatory powers; subpoenas

Nebraska § 79-904.01

This text of Nebraska § 79-904.01 (Board; power to adjust contributions and benefits; repayment of benefit; overpayment of benefits; investigatory powers; subpoenas) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Neb. Rev. Stat. § 79-904.01 (2026).

Text

(1)(a) If the board determines that the retirement system has previously received contributions or distributed benefits which for any reason are not in accordance with the statutory provisions of the School Employees Retirement Act, the board may refund contributions, require additional contributions, adjust benefits, or require repayment of benefits paid. In the event of an overpayment of a benefit, the board may, in addition to other remedies, offset future benefit payments by the amount of the prior overpayment, together with regular interest thereon. In the event of a material underpayment of a benefit, the board shall immediately make payment equal to the deficit amount plus regular interest.
(b)The board shall have the power, through the director of the Nebraska Public Employees Ret

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Legislative History

Source: Laws 1996, LB 1076, § 30; Laws 2011, LB509, § 20; Laws 2013, LB263, § 14; Laws 2015, LB40, § 9; Laws 2015, LB446, § 2; Laws 2016, LB790, § 5; Laws 2017, LB415, § 25; Laws 2018, LB1005, § 20; Laws 2025, LB295, § 10. Operative Date: September 3, 2025

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Bluebook (online)
Nebraska § 79-904.01, Counsel Stack Legal Research, https://law.counselstack.com/statute/ne/79-904.01.