Committee reviews LB820 to consolidate NPERS rules, clear transfer language and allow future Roth option
LB820, introduced as a committee cleanup bill, would consolidate ID-document language across retirement plans, change the NPERS director title to executive director, clarify state contribution language for school and OSERS plans, add tax-treatment language to permit Roth-designated deferred-compensation accounts if implemented, and repeal obsolete OSERS interim-governance provisions.
The full story
Trevor Fitzgerald, committee legal counsel, introduced LB820 to the Nebraska Retirement Systems Committee as a cleanup bill coordinated with the Nebraska Public Employees Retirement Systems (NPERS). Fitzgerald said the bill makes five principal changes to statutes governing state, county and school retirement plans and statutes governing the Public Employees Retirement Board (PERB) and the Nebraska Investment Council (NIC).
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