§ 38-797.14 – Liquidation of LTD program
38-797.14. Liquidation of LTD program If the legislature determines that the LTD program is no longer to be operated for the purposes set forth in this article, any monies remaining in the LTD trust after paying all liabilities of the trust or after making adequate provision for paying those liabilities revert to the general funds […]
§ 38-797.15 – Interest paid to members and employers
38-797.15. Interest paid to members and employers ASRS may not pay interest on any amount paid to a member, an alternate payee or an employer pursuant to this article unless specifically authorized by this article.
§ 38-797.05 – Employer and member contributions
38-797.05. Employer and member contributions A. Beginning July 1, 2011, employers shall contribute the percentage of the compensation of all of the members under their employment so that the total employer contributions equals the amount that the board determines is necessary to pay one-half of all benefits under and costs of administering the LTD program. […]
§ 38-797.06 – Contribution rate; annual report
38-797.06. Contribution rate; annual report A. The board shall select an actuary to determine required employer contributions on an annual basis. The actuary shall be a fellow of the society of actuaries. B. Employer contributions shall be a percentage of compensation of all employees of the employers who meet the eligibility requirements of article 2 […]
§ 38-797.07 – LTD program benefits; limitations; definitions
38-797.07. LTD program benefits; limitations; definitions A. The LTD program is subject to the following limitations: 1. Except as provided in paragraph 9 of this subsection, monthly LTD program benefits shall not exceed two-thirds of a member’s monthly compensation, reduced by: (a) For a member whose disability commences before July 1, 2008, sixty-four percent of […]
§ 38-797.08 – Errors; benefit recomputation
38-797.08. Errors; benefit recomputation If any change or error in the records results in any member receiving from the LTD program more or less than the member would have been entitled to receive if the records had been correct, the board shall correct the error and shall adjust the payments in a manner so that […]
§ 38-797.10 – Assurances and liabilities
38-797.10. Assurances and liabilities A. Nothing contained in this article shall be construed as: 1. A contract of employment between an employer and any employee. 2. A right of any member to continue in the employment of an employer. 3. A limitation of the rights of an employer to discharge any of its employees, with […]
§ 38-797.11 – Exemptions from execution, attachment and taxation; exception
38-797.11. Exemptions from execution, attachment and taxation; exception A. The benefits, the employer and member contributions and the securities in the LTD trust fund established by section 38-797.02 are not subject to execution or attachment and are nonassignable except as specifically provided in this article or article 2 of this chapter. The employer and member […]
§ 38-797.12 – Violation; classification
38-797.12. Violation; classification A person who knowingly makes any false statement or who falsifies or permits to be falsified any record of the LTD program with an intent to defraud the LTD program is guilty of a class 6 felony.
§ 38-797.13 – Reservation to legislature
38-797.13. Reservation to legislature The right to modify, amend or repeal this article, or any provisions of this article, is reserved to the legislature.