Section 303-20-002 - Allocation and Transfer of Employee Contributions002.01 Members of the Retirement System for Nebraska Counties and members of the State Employees Retirement System who participate in the defined contribution option, members of the Deferred Compensation Plan, and members of the State Patrol Retirement System who have elected to participate in DROP, may allocate their employee contributions and/or transfer any portion of their employee account funds to the various investment options available under the retirement systems in increments of one whole percent (1%) in any proportion, including full allocation and/or transfer to any one option, or in a specific dollar amount.002.02 The percentage of employee contributions allocated and/or transferred to the various investment options may be changed by the member by a secure electronic communications if sufficient proof of the member's identity is established through a personal identification number (PIN) or other industry-accepted means of verification, or by request on forms prescribed by the Nebraska Public Employees Retirement Systems. Change requests received on a business day will be processed within three (3) business days of receipt.002.03 Funds invested in the stable value fund account shall be subject to restrictions on transfers depending upon the availability of liquid funds in such account. The Public Employees Retirement Board shall establish a percentage available for transfer each calendar quarter based upon information, advice and recommendations provided by the state investment officer. The percentage established by the Board shall be an amount which will permit the greatest amount of flexibility for all members of the retirement system whose contributions were invested in the stable return account to transfer funds out of the stable value fund account. Such percentage shall be limited as necessary to prevent members from incurring any surrender charges or other penalties for early termination of the guaranteed investment contracts into which such funds were invested.002.04 Members shall not make direct transfers from the stable value fund account to the money market account or any comparable investment option established by the Board. Members wishing to move their funds between these accounts shall first pass them through one of the non-competing equity investment account options. The transferred funds must remain in a non-competing equity investment account for a minimum of three months.303 Neb. Admin. Code, ch. 20, § 002