The Nebraska Public Employees Retirement Systems (NPERS), under the direction of the Public Employees Retirement Board (PERB), administers several statewide retirement systems and one deferred compensation plan for the State of Nebraska. | ||
All five mandatory retirement plans administered by NPERS are governmental plans as defined under Internal Revenue Code § 414(d) and 29 U.S.C. § 1002(32) [i.e. ERISA § 3(32)]. The voluntary Deferred Compensation Plan (DCP) is instituted under IRC § 457(b). NPERS carries out its mission from one location in Lincoln, Nebraska. | ||
The five mandatory plans NPERS administers are for State, County, School, Judges and Patrol employees. The
voluntary Deferred Compensation Plan is administered primarily for State, Judges, and State Patrol employees, however County employees
are eligible to participate if their county does not offer a voluntary plan. |
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The Three Defined Benefit plans are:
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The Two Cash Balance/Defined Contribution plans are:
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The Deferred Compensation plan is:The Deferred Compensation Plan (DCP) is authorized by §§ 84-1504 through 84-1513. Also administered by NPERS is the Spousal Pension Rights Act (§§ 42-1101 to 42-1113), which governs qualified domestic relations orders in the five NPERS-administered pension plans. |
State | County | School* | Patrol* | Judges* | DCP** | |||||||
Active Members | 2,015 - DC 13,856 - CB |
825 - DC 7,067 - CB |
42,713 | 397 | 149 | 2,522 | ||||||
Inactive Members | 1,277 - DC 8,645 - CB |
562 - DC 3,228 - CB |
23,924 | 30 | 4 | 1,113 | ||||||
Retirees*** | 2,211 | 768 | 25,272 | 463 25 - DROP |
188 | N/A | ||||||
Plan Assets | $743,440,790 - DC $1,788,932,039 - CB |
$230,859,184 - DC $575,030,839 - CB |
$12,214,947,023 | $436,611,997 | $195,672,498 | $218,749,212 |
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