16-1001. Act, how cited; applicability. Sections 16-1001 to 16-1019 shall be known and may be cited as the Police Officers Retirement Act and shall apply to all police officers of a city of the first class. Source Laws 1983, LB 237, § 1; Laws 2012, LB1082, § 1.
16-1002. Terms, defined. For purposes of the Police Officers Retirement Act, 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 of benefit or at different times determined as of a given date as adopted by the city or the […]
16-1003. Police officer; prior service; how treated. A police officer shall be credited with all years of his or her service after the year 1965 for the purpose of determining vested retirement benefits under the Police Officers Retirement Act. Source Laws 1983, LB 237, § 3; Laws 2012, LB1082, § 3.
16-1004. Police Officers Retirement System Fund; administration; system funding; separate investment accounts. (1) Each city of the first class shall keep and maintain a Police Officers Retirement System Fund for the purpose of investing payroll deductions and city contributions to the retirement system. The fund shall be maintained separate and apart from all city money […]
16-1005. Contribution by police officer; amount; city; pick up officers’ contributions; voluntary contributions. (1) Until October 1, 2013, each police officer shall contribute to the retirement system a sum equal to six percent of his or her salary. Beginning October 1, 2013, until October 1, 2015, each police officer shall contribute to the retirement system […]
16-1006. Contributions by city; amount; how credited; interest; when. Each city of the first class shall contribute to the retirement system a sum equal to one hundred percent of the amounts deducted, in accordance with subsection (1) of section 16-1005, from each such police officer’s periodic salary. Such payment shall be contributed as provided in […]
16-1007. Retiring officer; annuity options; how determined; lump-sum payment option. (1) At any time before the retirement date, the retiring police officer may elect to receive at his or her retirement date a pension benefit either in the form of a straight life annuity or any optional form of annuity benefit established by the retirement […]
16-1008. Retirement options; retirement date. (1) A police officer of a city of the first class may: (a) Elect to retire and receive the applicable pension benefit provided in section 16-1007 based on his or her full retirement value upon the attainment of age sixty; (b) Elect to take early retirement and receive the applicable […]
16-1009. Police officer; death other than in the line of duty; pension benefit payable. (1) When prior to retirement any police officer dies other than in the line of duty and except as provided in subsection (2) of this section, the entire retirement value shall be payable to the beneficiary or beneficiaries specified by the […]
16-101. Cities of the first class, defined; population required. All cities having more than five thousand and not more than one hundred thousand inhabitants as determined by the most recent federal decennial census or the most recent revised certified count by the United States Bureau of the Census shall be known as cities of the […]
16-1010. Police officer; death in the line of duty; beneficiaries; retirement benefits. When prior to retirement any police officer dies in the line of duty or his or her death is caused by or is the result of injuries received while in the line of duty and if such police officer is not survived by […]
16-1011. Police officer; disability in the line of duty; benefit; requirements. (1) If any police officer becomes disabled, such police officer shall be placed upon the roll of pensioned police officers at the regular retirement pension of fifty percent of regular pay for the period of such disability. For purposes of this section, disability shall […]
16-1012. Police officer; temporary disability; workers’ compensation benefits; how treated. No police officer shall be entitled during any period of temporary disability to receive in full both his or her salary and his or her benefits under the Nebraska Workers’ Compensation Act. All Nebraska workers’ compensation benefits shall be payable in full to such police […]
16-1013. Police officer; termination of employment; benefits; how treated; vesting schedule. (1) If a police officer quits or is discharged before his or her normal or early retirement date, the officer may request and receive as a lump-sum payment an amount equal to the retirement value of his or her employee account as determined at […]
16-1014. Retirement committee; established; city council; responsibilities. A retirement committee shall be established to supervise the general operation of the retirement system established pursuant to the Police Officers Retirement Act. The city council shall continue to be responsible for the general administration of such retirement system unless specific functions or all functions with regard to […]
16-1015. Retirement committee; members; terms; vacancy. Each retirement committee established pursuant to section 16-1014 shall consist of members from both the police force and designees of the city council. The committee shall consist of six members of which four members shall be selected by the officers from the police force of the city. Two members […]
16-1016. Retirement system funds; contracts for investments. The funds of the retirement system shall be invested under the general direction of the retirement committee. The city or the retirement committee if delegated such function by the city shall select and contract with a funding agent or agents to hold or invest the assets of the […]
16-1017. Retirement committee; duties. (1) It shall be the duty of the retirement committee to: (a) Provide each employee a summary of plan eligibility requirements and benefit provisions; (b) Provide, within thirty days after a request is made by a participant, a statement describing the amount of benefits such participant is eligible to receive; and […]
16-1018. Termination of employment; transfer of benefits; when. If a police officer terminates his or her employment for the purpose of becoming a police officer employed by another city of the first class in Nebraska and such new employment commences within one hundred twenty days of such termination, such police officer shall be entitled to […]
16-1019. Exemption from legal process; administration; requirements; retirement committee; powers and duties; review of adjustment; 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 […]
