Change provisions of the Cities of the First Class Firefighters Retirement Act
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LB 461 — Change provisions of the Cities of the First Class Firefighters Retirement Act
Last action — Provisions/portions of LB461 amended into LB179 by AM592
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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2In Committee
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3Passed Legislature
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4To Executive
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5Enacted
This bill is in committee in the Legislature. Introduced January 21, 2025. It must pass committee before a floor vote.
Next likely step: a committee vote, then a floor vote in the Legislature.
Prognosis
Where this bill stands today.
Odds of enactment
LowHow often bills like it became law.
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In Committee
Current position in the legislative process.
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1 sponsor
1 primary, 0 co-sponsors signed on.
Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.
Bill Text
- Introduced View text Current pdf
AI-generated reading aid from the bill's amendatory text — verify against the official bill.
The bill amends the provisions regarding the pension benefits of retiring firefighters in Nebraska, clarifying payment options and eligibility criteria.
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16-1027
The retiring firefighter may further elect to defer the date of the first payment or lump-sum distribution to the first day of any specified month prior to age seventy.
This adds a new option for retiring firefighters to defer their pension benefits.
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16-1027
A firefighter entitled to a minimum pension benefit under this subsection may elect to receive such pension benefit in any form permitted by subsection (1) of this section, including a single lump-sum payment, if the firefighter retires on or after January 1, 1997, or if the city has adopted a lump-sum distribution option for firefighters retiring before January 1, 1997, in the funding medium for the retirement system.→ A firefighter entitled to a minimum pension benefit under this subsection may elect to receive such pension benefit in any form permitted by subsection (1) of this section, including a single lump-sum payment, if the firefighter retires on or after January 1, 1997, or if the city has adopted a lump-sum distribution option for firefighters retiring before January 1, 1997, in the funding medium for the retirement system. If the minimum pension benefit is paid in the form of an optional annuity benefit or a single lump-sum payment, such benefit or payment shall be the actuarial equivalent of the annuity that would otherwise be paid to the firefighter pursuant to this subsection.This change clarifies that minimum pension benefits can also be paid as an optional annuity or lump-sum equivalent.
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16-1027
If the retirement value of a firefighter entitled to a minimum pension benefit under subsection (2) of this section is not sufficient at the time of the first payment to purchase or provide the required pension benefit, the city shall utilize such funds as may be necessary from the unallocated employer account of the retirement system to purchase or provide for the required pension benefit.
This provision ensures that the city can allocate necessary funds to meet pension benefit requirements.
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16-1027
Any retiring firefighter whose pension benefit is less than twenty-five dollars per month on the straight life annuity option shall be paid a lump-sum settlement equal to the retirement value in lieu of annuity and shall not be entitled to elect to receive annuity benefits.
This establishes a minimum threshold for pension benefits, providing a lump-sum option for those with low benefits.
Action History
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Provisions/portions of LB461 amended into LB179 by AM592
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Motion to suspend rules to indefinitely postpone withdrawn
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Motion to suspend rules to indefinitely postpone filed
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Motion to suspend rules to indefinitely postpone prevailed
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Indefinitely postponed
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Motion to suspend rules to indefinitely postpone filed
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Placed on General File with AM426
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Nebraska Retirement Systems AM426 filed
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Notice of hearing for February 07, 2025
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Referred to Nebraska Retirement Systems Committee
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Date of introduction
Sponsors
- Margo Juarez · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 48 not signed on
Sponsors (1)
Co-sponsors (0)
None.
Not signed on (48)
48 members have not signed on to this bill.
Show all 48 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Subjects
Frequently asked questions
- Who sponsors LB 461?
- LB 461 is sponsored by Margo Juarez.
- What is the current status of LB 461?
- This bill is in committee in the Legislature. Introduced January 21, 2025. It must pass committee before a floor vote.
- Where can I track LB 461?
- Track LB 461 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes 3 months ago · updated continuously
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