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Your contributions will help ensure the pension remains funded once you reach normal retirement age. In Nebraska, you're eligible to receive benefits under the following circumstances: At age 65 with at least five years of service. At age 55 with at least 30 years of service (Rule of 85)
Hear this out loud PauseCash Balance/Defined Contribution Plans.
LINCOLN ? Nebraska's state constitutional officers will be getting a shake-up this year after a state agency selected Treasurer John Murante on Monday as its next director.
The state (employer) matches your contributions at the rate of 156%. Both employee and employer contributions are made on a ?pre-tax? basis. To be eligible to receive the employer matching contributions at termination or retirement, you must be vested (see ?Vesting/Vesting Credit?).