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NE LB571

Bill

Official Source

Status

Introduced

1/22/2025

Primary Sponsor

John Cavanaugh

Click for details

Origin

Legislature

109th Legislature

AI Summary

  • Public power districts operating defined benefit plans must provide annual cost-of-living adjustments (COLAs) to eligible retirees beginning January 1, 2026

  • The COLA amount must equal the annual adjustment determined by the federal Social Security Administration

  • Only retirees who are not eligible to receive Social Security benefits qualify for the adjustment

  • Introduced by Senator J. Cavanaugh (District 9) and read first time on January 22, 2025

Legislative Description

Require cost-of-living adjustments for retirees for any public power district that operates a defined benefit plan

Last Action

Spivey name added

2/18/2026

Committee Referrals

Nebraska Retirement Systems1/24/2025

Full Bill Text

No bill text available