ONE HUNDRED NINTH LEGISLATURE - FIRST SESSION - 2025 COMMITTEE STATEMENT LB461 Hearing Date: Friday February 07, 2025 Committee On: Nebraska Retirement Systems Introducer: Juarez One Liner: Change provisions of the Cities of the First Class Firefighters Retirement Act Roll Call Vote - Final Committee Action: Advanced to General File with amendment(s) Vote Results: Aye: 6 Senators Ballard, Clements, Conrad, Hardin, Juarez, Sorrentino Nay: Absent: Present Not Voting: Testimony: Proponents: Representing: Rolf Kloch, LA to Senator Margo Juarez Opening Presenter Scott Kuehl Nebraska Professional Firefighters Lynn Rex League of Nebraska Municipalities Bryan D. Waugh Police Chief Association of Nebraska Opponents: Representing: Neutral: Representing: * ADA Accommodation Written Testimony Summary of purpose and/or changes: LB 461 would amend the Cities of the First Class Firefighters Retirement Act to require that optional benefit forms available to firefighters in cities of the first class also include annual payments, quarterly payments, and monthly payments of the firefighter's retirement value. Currently, the only required optional benefit form under the Act is a single lump-sum payment. Explanation of amendments: AM 426 provides that optional benefit forms shall include a single lump-sum payment or one or more partial payments in an amount and frequency as elected by the firefighter. AM 426 also adds an operative date of October 1, 2025. Committee Statement: LB461 Nebraska Retirement Systems Committee Page 1 0b1b17796d7fcd223b774203e22b768f Beau Ballard, Chairperson Committee Statement: LB461 Nebraska Retirement Systems Committee Page 2 0b1b17796d7fcd223b774203e22b768f