Policy 4620

Compensation

Retirement Benefits

Reviewed and affirmed by the Board:  09/23/2025
Last Revision: 2026-05-26
Original publish date: 01/27/2015
Related policies & regulations:  
Legal references:  79-901 to 79-977.03

 

Employees must meet requirements of the Nebraska School Employees Retirement System to be eligible for benefits.  Lincoln Public Schools complies with all laws, rules, and regulations regarding separation from employment and termination of regular service under the School Employees Retirement Act and any related Nebraska laws, rules, and regulations.

The District will not employ retirement plan members who are requesting or taking a distribution under the plan, permit them to render service, or prearrange a return to employment or service within 120 days of the later of the member’s termination date from regular service or receipt of a valid distribution application by the Nebraska Public Employees Retirement System.

Early retirement incentive and early notification programs may be adopted by the Lincoln Board of Education.