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Code · Nebraska · Chapter 84 — State Officers

84-1329.04. Retirement system contributions, property, and rights; how treated.

70 words·~1 min read·/ne/chapter-84/84-1329-04

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

All contributions to the retirement system, all property and rights purchased with the contributions, and all investment income attributable to the contributions, property, or rights shall be held in trust by the State of Nebraska for the exclusive benefit of members and their beneficiaries and shall only be used to pay benefits to such persons and to pay administrative expenses according to the provisions of the State Employees Retirement Act.
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