§ 84-1313.02 — Retirement system; transfer eligible rollover distribution; conditions

Nebraska § 84-1313.02

• Jurisdiction: Nebraska
• Ch. 84: State Officers

Text

The retirement system may transfer any distribution of benefits to a member
which is an eligible rollover distribution as defined in section 84-1312 in
a direct rollover to the deferred compensation plan authorized
under section 84-1504 if the following conditions are met:
(1) The member has an amount of compensation deferred immediately
after the rollover at least equal to
the amount of compensation deferred immediately before the rollover;
(2) The account of the member is valued as of the date of
final account value;
(3) The member is not eligible for additional annual deferrals
in the receiving plan unless the member is performing services for the state;
and
(4) The deferred compensation plan provides for such rollovers.

Legislative History

Source: Laws 2009, LB188, § 12; Laws 2011, LB509, § 47.