77-1340.05 Transfer of assessment function to county; transferred employee; retirement rights.
77-1340.05. Transfer of assessment function to county; transferred employee; retirement rights.(1)(a) On the date of employment transfer, all employees of the Department of Revenue transferred to a county pursuant to section 77-1340 or 77-1340.04 shall immediately have the right to participate in the particular county employees retirement plan and shall have all retirement funds transferred from the State Employees Retirement System of the State of Nebraska.(b) For transferred employees who are transferring retirement funds, the amount transferred shall equal the employee and employer accounts of the transferring employee plus earnings on those amounts during the period of employment with the state.(2) Upon the completion of the transfer of funds pursuant to subsection (1) of this section, the transferred employee shall receive vesting credit for such employee's years of participation in the retirement system of the county from which the employee was transferred, if any, plus all years of participation in the State Employees Retirement System. Each employee that was employed by the department after the assessment function was transferred from the county shall receive vesting credit for such employee's years of participation in the State Employees Retirement System. SourceLaws 2009, LB121, § 9.Operative Date: August 30, 2009