Management Transition to the Nebraska Public Employees Retirement Board (PERB)
Omaha Public Schools is working hard to ensure OSERS is strong for many generations. The transfer of pension plan management is the logical next step for the health and sustainability of OSERS.
In September 2024, the day-to-day management of the Omaha School Employees' Retirement System (OSERS) will transition to the Nebraska Public Employees Retirement Board (PERB). The PERB is the governing board of the Nebraska Public Employees Retirement Systems (NPERS), which administers several statewide retirement systems and will administer OSERS beginning in September 2024. The PERB has a successful history of managing public employee retirement systems for more than 50 years. Omaha Public Schools is pleased to collaborate with the PERB to ensure the long-term success of OSERS, as it allows their experts to manage the pension plan and Omaha Public Schools’ staff to focus on educating children.
- OSERS will continue to be a separate, independent pension plan, even after the transition of the day-to-day management.
- OSERS benefits, retirement timelines and retiree payment amounts will not change due to this transition.
Throughout 2022 and 2023, OPS and OSERS have worked closely on the transition with NPERS and their third-party project management team.
This multi-organization transition team is in constant contact and has made strides in several key areas to prepare for the transition, including:
- Documenting OSERS processes, procedures and member information needed for plan administration under the PERB through NPERS.
- Developing procedures for monthly OSERS salary reporting, contributions and service credit information after the transition.
- Digitization of OSERS hard copy records.
As the transition nears its completion in 2024, we are committed to keeping you informed and will update this page as more information is available.
We understand you may have additional questions about this transition. OSERS participants are welcome to contact the OSERS office by phone at (531) 299-0329 or by email at firstname.lastname@example.org to learn answers to questions.