§ 16-1016 — Retirement system funds; contracts for investments

Nebraska § 16-1016

• Jurisdiction: Nebraska
• Ch. 16: Cities of the First Class

Text

The funds
of the retirement system shall be invested under the general direction of
the retirement committee. The city or the retirement committee if delegated
such function by the city shall select and contract with a funding agent or
agents to hold or invest the assets of the retirement system and to provide
for the benefits provided by the
Police Officers Retirement Act. The city or committee may select
and contract with investment managers registered under the federal Investment Advisers Act of 1940 to invest,
reinvest, and otherwise manage such portion of the assets of the retirement
system as may be assigned by the city or committee. All funds of the retirement
system shall be invested pursuant to the policies established by the Nebraska
Investment Council.

Legislative History

Source: Laws 1983, LB 237, § 16; Laws 1991, LB 2, § 2; Laws 1992, LB 672, § 18; Laws 2012, LB1082, § 13.