Nebraska Statutes 84-1313.02. Retirementsystem; transfer eligible rollover distribution; conditions
The retirement system may transfer any distribution of benefits to a member which is an eligible rollover distribution as defined in section 84-1312 in a direct rollover to the deferred compensation plan authorized under section 84-1504 if the following conditions are met:
Terms Used In Nebraska Statutes 84-1313.02
- 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
(1) The member has an amount of compensation deferred immediately after the rollover at least equal to the amount of compensation deferred immediately before the rollover;
(2) The account of the member is valued as of the date of final account value;
(3) The member is not eligible for additional annual deferrals in the receiving plan unless the member is performing services for the state; and
(4) The deferred compensation plan provides for such rollovers.