16-1036.01 – Firefighters Retirement System Fund; schedule of investment costs; allocation.
16-1036.01. Firefighters Retirement System Fund; schedule of investment costs; allocation. The city and the retirement committee shall develop a schedule of investment costs relating to the investment of the funds in each of the accounts in the Firefighters Retirement System Fund, which costs shall be paid out of the funds in such accounts or assessed […]
16-1021 – Terms, defined.
16-1021. Terms, defined. For the purposes of sections 16-1020 to 16-1042, unless the context otherwise requires: (1) Actuarial equivalent means equality in value of the aggregate amount of benefit expected to be received under different forms or at different times determined as of a given date as adopted by the city or the retirement committee […]
16-1037 – Retirement committee; officers; duties.
16-1037. Retirement committee; officers; duties. (1) It shall be the duty of the retirement committee to: (a) Elect a chairperson, a vice-chairperson, and such other officers as the committee deems appropriate; (b) Hold regular quarterly meetings and special meetings upon the call of the chairperson; (c) Conduct meetings pursuant to the Open Meetings Act; (d) […]
16-1022 – Firefighter; prior service; how treated.
16-1022. Firefighter; prior service; how treated. A firefighter shall be credited with all years of his or her service after August 7, 1965, for the purpose of determining vested retirement benefits under sections 16-1020 to 16-1038. Source Laws 1983, LB 531, § 3.
16-1038 – Retirement benefits; exemption from legal process; exception; tax-qualification requirements; benefit error; correction; appeal; tax levy authorized.
16-1038. Retirement benefits; exemption from legal process; exception; tax-qualification requirements; benefit error; correction; appeal; tax levy authorized. (1) The right to any benefits under the retirement system and the assets of any fund of the retirement system shall not be assignable or subject to execution, garnishment, attachment, or the operation of any bankruptcy or insolvency […]
16-1023 – Firefighters Retirement System Fund; city maintain; transfer of contributions; funding of system.
16-1023. Firefighters Retirement System Fund; city maintain; transfer of contributions; funding of system. (1) Commencing on January 1, 1984, each city of the first class having a paid fire department shall keep and maintain a Firefighters Retirement System Fund for the purpose of investing payroll deductions and city contributions to the retirement system. The fund […]
16-1039 – Firefighter serving on August 7, 1965; pension benefits.
16-1039. Firefighter serving on August 7, 1965; pension benefits. (1) All cities of the first class having a paid fire department shall pension all firefighters of the paid fire department who were serving as such on August 7, 1965, and who did not elect coverage under the provisions of sections 35-204 to 35-215 as they […]
16-1024 – Contribution by firefighter; amount; interest; city; pick up firefighters’ contributions; voluntary contribution.
16-1024. Contribution by firefighter; amount; interest; city; pick up firefighters’ contributions; voluntary contribution. (1) Each firefighter participating in the retirement system shall contribute to the retirement system a sum equal to six and one-half percent of his or her salary. Such payment shall be made by regular payroll deductions from his or her periodic salary […]
16-1025 – Contributions by city; amount; how credited; interest.
16-1025. Contributions by city; amount; how credited; interest. (1) Beginning January 1, 1984, each city of the first class with firefighters participating in a retirement system shall contribute to the retirement system a sum equal to thirteen percent of each such participating firefighter’s periodic salary. Such payment shall be credited to his or her employer […]
16-1027 – Retiring firefighter; annuity options; how determined; lump-sum payment.
16-1027. Retiring firefighter; annuity options; how determined; lump-sum payment. (1) At any time before the retirement date, the retiring firefighter may elect to receive his or her pension benefit at retirement either in the form of a straight life annuity or any optional form of annuity benefit established by the retirement committee and provided under […]