79-903 School retirement system; established; purpose. - Nebraska Statutes

79-903. School retirement system; established; purpose.A school retirement system is hereby established for the purpose of providing retirement allowances or other benefits for the school employees of the State of Nebraska as provided in the School Employees Retirement Act. It shall have the powers and privileges of a corporation, insofar as may be necessary to carry out the provisions of the act, shall be known as the School Retirement System of the State of Nebraska, and by such name shall transact all business as provided in the act. SourceLaws 1945, c. 219, § 2, p. 640; R.S.Supp.,1947, § 79-2902; Laws 1949, c. 256, § 436, p. 842; Laws 1967, c. 486, § 41, p. 1530; Laws 1969, c. 584, § 85, p. 2400; Laws 1969, c. 735, § 2, p. 2777; Laws 1971, LB 987, § 17; Laws 1991, LB 549, § 25; R.S.1943, (1994), § 79-1502; Laws 1996, LB 900, § 538. Cross ReferencesFor retirement system for employees of Class V school districts, see the Class V School Employees Retirement Act, section 79-978.01.