79-942. Supplemental retirement benefit; how computed.
117 words·~1 min read·
/ne/chapter-79/79-942A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For each person who qualifies under sections 79-941 to 79-946 , the retirement board shall determine the value of the total monthly benefit being received from the School Employees Retirement System of the State of Nebraska or from the retirement system for Class V districts as provided by the Class V School Employees Retirement Act. From one hundred fifty-five dollars, the retirement board shall subtract the total monthly benefit. Such difference, if positive, shall be the supplemental benefit and shall be paid to the retired person each month from the School Retirement Fund, except that if this difference is less than five dollars, a minimum payment of five dollars per month shall be made to such person.