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NebraskaLB743109th Legislature 1st and 2nd SessionslegislatureWALLET

Change provisions relating to optional benefit forms under the Police Officers Retirement Act

Sponsored By: Margo Juarez

Signed by Governor

Nebraska Retirement Systems Committee

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Bill Overview

Analyzed Economic Effects

4 provisions identified: 3 benefits, 0 costs, 1 mixed.

Minimum pensions guaranteed for 1984 hires

For officers employed on January 1, 1984 and kept working to retirement, the law guarantees a minimum pension. With 25 years and retirement after age 60, the floor is 50% of regular pay. With 25 years and retirement after age 55 but before 60, the floor is 40%. You may still choose a lump sum or other form; it must equal the straight life value. For a lump sum, the actuarial value may use the average of three annuity quotes on a sex-neutral basis. If your retirement value is short at first payment, the city must add funds to cover the required benefit. Effective October 1, 2026.

More pension payout choices for police

The law lets retiring police choose more ways to get their pension. You may take a single lump sum or set partial payments. You may pick a survivor benefit at 100%, 75%, or 50%. A straight life annuity now guarantees at least 60 monthly checks. You may delay your first payment to the first day of any month before age 70. Effective October 1, 2026.

Tiny pensions paid as lump sums

If your straight life annuity would be less than $25 per month, you get a lump sum instead. The lump sum equals your retirement value, and you cannot choose an annuity. Effective October 1, 2026.

Police annuity set by contract terms

When you choose an annuity, your amount equals what the annuity contract bought with your retirement value pays on the first payment date. If the retirement system gives you that annuity contract, its duty to pay retirement, death, or disability benefits ends. Effective October 1, 2026.

Sponsors & Cosponsors

Sponsor

  • Margo Juarez

    Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 86 • No: 0

legislature vote • 4/9/2026

Final Reading

Yes: 49 • No: 0

legislature vote • 2/11/2026

Vote

Yes: 37 • No: 0 • Other: 12

Actions Timeline

  1. Approved by Governor on April 14, 2026

    4/14/2026legislature

  2. Presented to Governor on April 10, 2026

    4/10/2026legislature

  3. President/Speaker signed

    4/10/2026legislature

  4. Passed on Final Reading 49-0-0

    4/9/2026legislature

  5. Placed on Final Reading

    3/3/2026legislature

  6. Advanced to Enrollment and Review for Engrossment

    2/20/2026legislature

  7. Kauth FA372 withdrawn

    2/20/2026legislature

  8. Placed on Select File

    2/18/2026legislature

  9. Advanced to Enrollment and Review Initial

    2/11/2026legislature

  10. Placed on General File

    2/2/2026legislature

  11. Notice of hearing for January 30, 2026

    1/15/2026legislature

  12. Referred to Nebraska Retirement Systems Committee

    1/9/2026legislature

  13. Kauth FA372 filed

    1/8/2026legislature

  14. Date of introduction

    1/7/2026legislature

Bill Text

  • Introduced

    1/7/2026

    PDF

  • Enrolled / Slip Law

    PDF

  • Final / Enacted

    PDF

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