Nebraska § 24-705 Technical and administrative employees;
actuary; report; expenses

Nebraska Statutes

§ 24-705 — Technical and administrative employees; actuary; report; expenses

Nebraska § 24-705

Ch. 24Courts

This text of Nebraska § 24-705 (Technical and administrative employees; actuary; report; expenses) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 24-705 (2026).

Text

The board shall have the power
to secure and employ the services of such technical and administrative employees
as are necessary to carry out the Judges Retirement Act. Pursuant to subdivision (2)(e) of
section  84-1503 , the board shall have an annual report prepared by a member
of the American Academy of Actuaries showing a complete valuation of the present
and prospective assets and liabilities of the fund created by the act. Such
valuation shall be on the basis of actuarial assumptions recommended by the
actuary, approved by the board, and kept on file with the board. The report
shall further include a prospectus of the amount of the appropriation that
will be required from the Legislature for the succeeding year. This report
shall be furnished electronically to
the Clerk of the Legisl

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The board shall have the power
to secure and employ the services of such technical and administrative employees
as are necessary to carry out the Judges Retirement Act. Pursuant to subdivision (2)(e) of
section 84-1503 , the board shall have an annual report prepared by a member
of the American Academy of Actuaries showing a complete valuation of the present
and prospective assets and liabilities of the fund created by the act. Such
valuation shall be on the basis of actuarial assumptions recommended by the
actuary, approved by the board, and kept on file with the board. The report
shall further include a prospectus of the amount of the appropriation that
will be required from the Legislature for the succeeding year. This report
shall be furnished electronically to
the Clerk of the Legislature at each regular session. Each member of the Legislature
shall receive an electronic copy of such
report by making a request for it to the director. The employees of the board
shall be paid at such rates as the board shall approve. All administrative
expenses shall be paid from the retirement fund.

Legislative History

Source: Laws 1955, c. 83, § 5, p. 247; Laws 1971, LB 987, § 7; Laws 1979, LB 322, § 7; Laws 1981, LB 462, § 3; Laws 1994, LB 833, § 18; Laws 1995, LB 502, § 1; Laws 1998, LB 1191, § 37; Laws 2012, LB782, § 25.