27 employees reported this benefit
Better than some, but takes awhile to qualify.
Not vested until 3 years. But the State of Nebraska does offer a decent retirement program and supports it with educational sessions about retirement
Dollar for Dollar match with guaranteed growth. If growth isn't there, legislative pays into it per statute requirements.
Employer match is a little different than the normal 401K. The State give you $1.67 for every $1 of your salary applied to retirement but your contribution is locked in base on your pay rate. Good plan if you're not a "saver."
The State contributes a large share to the retirement plan. The plan balance grows fast.
The state offered a 156% match on your contribution of 4.8% of your salary. You are required to contribute that 4.8%. But, the match by the state is tough to beat anywhere.
Matches at 156% but you can only put in maximum of 4.8% of your salary