Omaha School - Employer Reporting
LB824 Notification: Bona Fide Separation Update: 120 Days, No Service
With the recent passage of
LB824 in the Unicameral there are changes to the return-to-work guidelines for School Plan members.
Effective May 1st, 2026,
the separation from service period changes from 180-days for members terminating regular service to 120-days. During this 120-day separation from service,
which establishes your bone-fide termination from service from the plan, NO SERVICE for a School Plan employer may be rendered. This means no volunteer, substitute,
independent contractor, or service for another organization that provides similar service for School Plan employers.
Please reference our Frequently Asked Questions (FAQ) about LB824 document (PDF, 374 KB). After reviewing the FAQ document, if
questions remain, our Member Services area is available at (402) 471-2053 or (800) 245-5712, option #1.
LB 824: Termination of Employment Webinar
LB 824 has been passed by the Legislature and signed by the Governor. This means that as of May 1, 2026, there are significant changes to the termination of employment rules for members that are terminating and taking a distribution.
We're excited to invite you to a 30-minute presentation to go over what LB 824 means for you and your members.
Event Details:
- Date: April 14, 2026
- Time: 11:00 - 11:30 AM CST
- Duration: 30 minutes
- Platform: Webex
- Topic: LB824 Termination of Employment
NPERS is now administering the Omaha School Employee Retirement System
With the passage of LB147, we have implemented organizational and technology changes for the transfer of administration of the Omaha School Employee Retirement System (OSERS) to NPERS.
This required an operational study and a technology assessment. The addition of the OSERS plan means seven plans will be administered by NPERS.
The transfer has taken place and is effective as of September 1st, 2024.
Omaha School Employees Newsletters/Retiree Updates
Current Year's Publications
-
Omaha School Employees Newsletters 2024
- August 2024 (pdf)
OSERS Plan Handbook
This handbook serves as a comprehensive guide for members of the Omaha School Employees Retirement System. It clearly explains important details such as retirement eligibility, how benefits are calculated, and the various features of the plan. Designed to provide members with a thorough understanding of their retirement benefits, this handbook is a valuable resource whether you are new to the system or need a helpful reference.
The NPERS/OSERS Open House
Thank you for making the NPERS/OSERS Open House a tremendous success! Each Omaha School members' participation and engagement was instrumental in creating a welcoming and informative atmosphere. The event was marked by enthusiastic interactions, insightful discussions, and a shared commitment to our retirement mission. We appreciate the time and effort each member dedicated to this occasion, ensuring its success and leaving a lasting impression on all who attended.
