Nebraska Statutes 79-942. Supplementalretirement benefit; how computed
For each person who qualifies under sections 79-941 to 79-946, the retirement board shall determine the value of the total monthly benefit being received from the School Employees Retirement System of the State of Nebraska or from the retirement system for Class V districts as provided by the Class V School Employees Retirement Act. From one hundred fifty-five dollars, the retirement board shall subtract the total monthly benefit. Such difference, if positive, shall be the supplemental benefit and shall be paid to the retired person each month from the School Retirement Fund, except that if this difference is less than five dollars, a minimum payment of five dollars per month shall be made to such person.
Source
- Laws 1980, LB 228, § 3;
- Laws 1981, LB 141, § 2;
- R.S.1943, (1994), § 79-1560;
- Laws 1996, LB 900, § 577;
- Laws 1998, LB 497, § 3;
- Laws 2004, LB 1097, § 25;
- Laws 2011, LB509, § 28.
Terms Used In Nebraska Statutes 79-942
- Month: shall mean calendar month. See Nebraska Statutes 49-801
- Person: shall include bodies politic and corporate, societies, communities, the public generally, individuals, partnerships, limited liability companies, joint-stock companies, and associations. See Nebraska Statutes 49-801
- 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