Nebraska 2025 2025-2026 Regular Session

Nebraska Legislature Bill LB461 Comm Sub / Analysis

Filed 03/05/2025

                    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
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Beau Ballard, Chairperson
Committee Statement: LB461
Nebraska Retirement Systems Committee
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