Nebraska Statutes 79-903. Retirement system; established; purpose
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A school retirement system is hereby established for the purpose of providing retirement allowances or other benefits for the school employees of the State of Nebraska as provided in the School Employees Retirement Act. It shall have the powers and privileges of a corporation, insofar as may be necessary to carry out the act, shall be known as the School Employees Retirement System of the State of Nebraska, and by such name shall transact all business as provided in the act.
Source
- Laws 1945, c. 219, § 2, p. 640;
- R.S.Supp.,1947, § 79-2902;
- Laws 1949, c. 256, § 436, p. 842;
- Laws 1967, c. 486, § 41, p. 1530;
- Laws 1969, c. 584, § 85, p. 2400;
- Laws 1969, c. 735, § 2, p. 2777;
- Laws 1971, LB 987, § 17;
- Laws 1991, LB 549, § 25;
- R.S.1943, (1994), § 79-1502;
- Laws 1996, LB 900, § 538;
- Laws 2011, LB509, § 18.
Terms Used In Nebraska Statutes 79-903
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- School: means a school under the jurisdiction of a school board authorized by Chapter 79. See Nebraska Statutes 79-101
- State: when applied to different states of the United States shall be construed to extend to and include the District of Columbia and the several territories organized by Congress. See Nebraska Statutes 49-801