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This report summarizes the actuarial valuation of the Judges’ Retirement System as of July 1, 2004, explaining the funding policy, contributions, asset and liability status, and includes various
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How to fill out NEBRASKA PUBLIC EMPLOYEES RETIREMENT SYSTEMS JUDGES’ RETIREMENT SYSTEM

01
Obtain the NEBRASKA PUBLIC EMPLOYEES RETIREMENT SYSTEMS JUDGES’ RETIREMENT SYSTEM application form from the official website or office.
02
Read the instructions carefully to understand the requirements and eligibility.
03
Fill out the personal information section, including your full name, address, and contact details.
04
Provide information regarding your judicial position and tenure in the judges’ retirement system.
05
Include any previous employment details if required, particularly those related to public service.
06
Attach any necessary documentation such as proof of judicial service or other requested materials.
07
Review the application for completeness and accuracy.
08
Submit the application through the designated method (mail or online) as specified in the instructions.

Who needs NEBRASKA PUBLIC EMPLOYEES RETIREMENT SYSTEMS JUDGES’ RETIREMENT SYSTEM?

01
Judges who are currently serving in Nebraska and are seeking retirement benefits.
02
Judges who have completed the necessary service period required for eligibility.
03
Judges planning to retire and needing to understand their retirement options and benefits.
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People Also Ask about

Cash Balance/Defined Contribution Plans.
What is the difference between a 401(k) and a pension? A 401(k) is an employer-sponsored retirement account that allows an employee to divert a percentage of his or her salary — either pre- or post-tax — to the account. A traditional pension plan offers retirees a fixed monthly benefit for the rest of their lives.
Cash balance pension benefits generally involve annual pay credits coupled with an annual interest credit. In Nebraska these benefits are financed in a shared cost model, employees contribute 4.8% of pay to finance their retirement benefit, and employers match that contribution at 156% of the employee rate.
Cash Balance/Defined Contribution Plans.
Nebraska is not tax-friendly toward retirees. Social Security income is partially taxed. Withdrawals from retirement accounts are fully taxed. Wages are taxed at normal rates, and your marginal state tax rate is 3.51%.
The State Employees' Retirement plan began as a Defined Contribution plan in 1964. The Cash Balance benefit was added by passage of LB687 on April 18, 2002. As of January 1, 2003, members who begin participation in the State Retirement Plan participate in Cash Balance.
Full retirement age (FRA) is between 66 and 67, depending on your birth year. Delaying benefits until after FRA can result in even higher monthly payments. Medicare eligibility: Medicare eligibility begins at age 65, regardless of retirement status.
The full retirement age is 66 if you were born from 1943 to 1954. The full retirement age increases gradually if you were born from 1955 to 1960 until it reaches 67. For anyone born 1960 or later, full retirement benefits are payable at age 67. The chart on the next page lists the full retirement age by year of birth.
The State Employees' Retirement plan began as a Defined Contribution plan in 1964. The Cash Balance benefit was added by passage of LB687 on April 18, 2002. As of January 1, 2003, members who begin participation in the State Retirement Plan participate in Cash Balance.
At retirement, eligible members receive a monthly “pension” benefit paid for their lifetime. This benefit is calculated using a formula that multiplies total years of creditable service by the highest 12-month periods of salary (final average monthly compensation) and a formula factor set by law (currently 3.5%).

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The Nebraska Public Employees Retirement Systems Judges’ Retirement System is a retirement plan specifically designed for judges in the state of Nebraska, providing them with retirement benefits and ensuring their financial security upon retirement.
Judges who serve in the Nebraska court system are required to file under the Nebraska Public Employees Retirement Systems Judges’ Retirement System.
To fill out the Nebraska Public Employees Retirement Systems Judges’ Retirement System form, judges must complete the required sections accurately, providing personal details and employment information as specified in the guidelines provided by the Nebraska Public Employees Retirement Systems.
The purpose of this retirement system is to offer retirement benefits to judges in Nebraska, ensuring they have financial stability after their service in the judiciary.
Information that must be reported includes the judge's name, date of birth, years of service, salary details, and any other relevant personal and employment information as required by the reporting guidelines.
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