Nebraska Statutes 42-1105. Order; form of benefit payment
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An alternate payee under a qualified domestic relations order shall receive the form of benefit payment specified in the order or, if not specified, selected by the alternate payee, if such form is a form available to the member and is not a joint and survivor annuity with the alternate payee’s subsequent spouse.
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Terms Used In Nebraska Statutes 42-1105
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Domestic: when applied to corporations shall mean all those created by authority of this state. See Nebraska Statutes 49-801