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NE LB743

Bill

Official Source

Status

Enrolled

2/20/2026

Primary Sponsor

Margo Juarez

Click for details

Origin

Legislature

109th Legislature

AI Summary

  • Amends section 16-1007 of the Police Officers Retirement Act to expand retirement benefit payment options for retiring police officers
  • Adds new option allowing officers to receive one or more partial payments of their retirement value in an amount and frequency they elect, rather than only a single lump-sum or annuity
  • Existing benefit options remain available: straight life annuity, life annuity with 60-month guarantee, survivor annuities (100%, 75%, or 50%), and single lump-sum payment
  • Becomes operative on October 1, 2026

Legislative Description

Change provisions relating to optional benefit forms under the Police Officers Retirement Act

Last Action

Placed on Final Reading

3/3/2026

Committee Referrals

Nebraska Retirement Systems1/9/2026

Full Bill Text

No bill text available