On May 6, 2025, Governor Jim Pillen signed LB 645 into law.
This legislation changes the contribution rates for the School Employees Retirement System (the Plan).
Contribution rates for members, employers, and the State of Nebraska will now depend on the funded status
of the Plan as determined by the independent third party actuarial valuation report.
According to the actuarial valuation report presented to the Board on November 12, 2025, the funded status of the Plan was 102.1%.
As a result, on July 1, 2026, the new contribution rate for employees will be 7.25% and the employer contribution rate will be 7.3225%.
The State of Nebraska contribution will be 0.00%.
For more information regarding LB 645 click here.
