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NE LB179
Bill
Status
4/8/2025
Primary Sponsor
Stanley Clouse
Click for details
AI Summary
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Police officers in first class cities will see their retirement contribution rate increase from 7% to 9% of salary beginning October 1, 2025
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Retiring firefighters in first class cities may now receive their retirement value as a single lump-sum payment or as one or more partial payments in an amount and frequency of their choosing, rather than only a single lump-sum option
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Cities of the first class must continue to pick up police officer retirement contributions and treat them as employer contributions for federal tax purposes
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The firefighter retirement benefit changes and related provisions become operative on October 1, 2025
Legislative Description
Change retirement contribution rates under the Police Officers Retirement Act and optional benefit forms under the Cities of the First Class Firefighters Retirement Act
Last Action
Provisions/portions of LB461 amended into LB179 by AM592
6/6/2025