On May 6, 2025, Governor Jim Pillen signed LB645 into law which changes contribution rates for the School Employees Retirement System ("the Plan").
The contribution rate for members, employers, and the State of Nebraska will now be dependent on the funded status of the Plan as determined by the independent, third-party actuarial valuation report.
As of the most recent actuarial valuation report presented to the Board on November 18, 2024, the funded status of the Plan was 99.91%. Therefore,
on July 1, 2025, the new contribution rate for employees will be 8.00% and the employer contribution rate will be 8.08%.
For more information regarding LB 645
click here.
