Nebraska § 79-952 Retirement; disability; allowance; formula

Nebraska Statutes

§ 79-952 — Retirement; disability; allowance; formula

Nebraska·Ch. 79 Schools

Upon retirement for disability, a member shall receive a disability retirement allowance which shall consist of a savings annuity and a service annuity computed in the manner specified in section  79-933  or, in lieu thereof, the formula annuity computed in the manner specified in section  79-934  without the reduction to the actuarial equivalent of the formula annuity deferred to the sixty-fifth birthday of the member.

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Upon retirement for disability, a member shall receive a disability retirement allowance which shall consist of a savings annuity and a service annuity computed in the manner specified in section 79-933 or, in lieu thereof, the formula annuity computed in the manner specified in section 79-934 without the reduction to the actuarial equivalent of the formula annuity deferred to the sixty-fifth birthday of the member.

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Legislative History

Source: Laws 1945, c. 219, § 25, p. 646; R.S.Supp.,1947, § 79-2925; Laws 1949, c. 256, § 458, p. 848; Laws 1975, LB 50, § 4; R.S.1943, (1994), § 79-1524; Laws 1996, LB 900, § 587.