38-856.01. Lump sum payment of benefit increases
Notwithstanding any provision of this article, the board, at the request of a retired member, a survivor or the retired member's or survivor's guardian or conservator, may pay any increase in retirement benefits pursuant to this article in a lump sum payment based on the actuarial present value of the increase in the retirement benefits if the payment of the increase in retirement benefits would result in ineligibility for, reduction of or elimination of social service programs provided to the retired member or survivor by this state, a political subdivision of this state or the federal government.
Section: Previous 38-852.01 38-853 38-853.01 38-853.02 38-854 38-855 38-856 38-856.01 38-856.02 38-856.03 38-856.04 38-857 38-858 38-859 38-860 NextLast modified: October 13, 2016