{"id":27353,"date":"2020-02-10T13:10:24","date_gmt":"2020-02-10T19:10:24","guid":{"rendered":"http:\/\/update.legislature.ne.gov\/?p=27353"},"modified":"2020-02-10T13:10:24","modified_gmt":"2020-02-10T19:10:24","slug":"retirement-update-advanced","status":"publish","type":"post","link":"https:\/\/update.legislature.ne.gov\/?p=27353","title":{"rendered":"Retirement update advanced"},"content":{"rendered":"<p>A bill that would bring Nebraska\u2019s state-administered retirement plans into compliance with recent federal changes advanced from general file Feb. 10.<\/p>\n<figure id=\"attachment_20145\" aria-describedby=\"caption-attachment-20145\" style=\"width: 200px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"20145\" data-permalink=\"https:\/\/update.legislature.ne.gov\/?attachment_id=20145\" data-orig-file=\"https:\/\/update.legislature.ne.gov\/wp-content\/uploads\/2017\/01\/SenKolterman_inline.jpg\" data-orig-size=\"297,445\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"senkolterman_inline\" data-image-description=\"&lt;p&gt;Sen. Mark Kolterman&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Sen. Mark Kolterman&lt;\/p&gt;\n\" data-large-file=\"https:\/\/update.legislature.ne.gov\/wp-content\/uploads\/2017\/01\/SenKolterman_inline.jpg\" class=\"size-medium wp-image-20145\" src=\"https:\/\/update.legislature.ne.gov\/wp-content\/uploads\/2017\/01\/SenKolterman_inline-200x300.jpg\" alt=\"Sen. Mark Kolterman\" width=\"200\" height=\"300\" srcset=\"https:\/\/update.legislature.ne.gov\/wp-content\/uploads\/2017\/01\/SenKolterman_inline-200x300.jpg 200w, https:\/\/update.legislature.ne.gov\/wp-content\/uploads\/2017\/01\/SenKolterman_inline.jpg 297w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><figcaption id=\"caption-attachment-20145\" class=\"wp-caption-text\">Sen. Mark Kolterman<\/figcaption><\/figure>\n<p>LB1054, introduced by Seward Sen. Mark Kolterman, would update plans within the Nebraska Public Employees Retirement Systems to comply with new provisions under the SECURE Act passed by Congress and signed into law in late 2019.<\/p>\n<p>Under the federal changes, the age trigger for the Required Minimum Distribution increases from age 70 1\/2 to age 72 for individuals who reach 70 1\/2 on or after Jan. 1, 2020, he said.<\/p>\n<p>\u201cThe RMDs determine when the deferral ceases for the distribution of payments of pension benefits,\u201d Kolterman said. \u201cThe stated congressional rationale for [changing] the RMD requirement is a recognition that individuals are working longer and living longer.\u201d<\/p>\n<p>He said a required actuarial report concluded that LB1054 would not have a cost impact on the defined benefit plans administered by the Nebraska Public Employees Retirement Board.<\/p>\n<p>Lawmakers advanced the bill to select file on a 35-0 vote.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A bill that would bring Nebraska\u2019s state-administered retirement plans into compliance with recent federal changes advanced from general file Feb. 10.<\/p>\n","protected":false},"author":1,"featured_media":27350,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[16],"tags":[143],"class_list":["post-27353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-retirement-systems","tag-sen-mark-kolterman"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/update.legislature.ne.gov\/wp-content\/uploads\/2020\/02\/LB1054Kolterman2-10-20b.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts\/27353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27353"}],"version-history":[{"count":3,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts\/27353\/revisions"}],"predecessor-version":[{"id":27355,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts\/27353\/revisions\/27355"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/media\/27350"}],"wp:attachment":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}