€ € One Hundred Ninth Legislature - First Session - 2025 Introducer€s Statement of Intent LB461 € Chairperson: Senator Beau Ballard Committee: Nebraska Retirement Systems Date of Hearing: February 07, 2025 € The following constitutes the reasons for this bill and the purposes which are sought to be accomplished thereby: LB 461 amends the Cities of the First Class Firefighters Retirement Act to allow retired firefighters to receive annuity payments on a yearly, monthly, or quarterly basis. Current statute only allows for a single lump sum payment. € Principal Introducer:________________________________ Senator Margo Juarez - 1 -