Rename the Police Officers Retirement Act as the Cities of the First Class Police Officers Retirement Act and change provisions of such act

Summary

The bill changes the name of the Police Officers Retirement Act to the Cities of the First Class Police Officers Retirement Act and updates how the system is funded and administered. It applies to all police officers employed by Nebraska’s first‑class cities, defining contribution methods, benefit calculations, survivor and death benefits, and disability rules. The changes also create city retirement committees, reporting requirements, and give cities limited levy authority to fund the plan.

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