81-2022. Retirement system; funds; investment; charges; report.
143 words·~1 min read·
/ne/chapter-81/81-2022A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any funds of the Nebraska State Patrol Retirement System available for investment shall be invested by the Nebraska Investment Council pursuant to the Nebraska Capital Expansion Act and the Nebraska State Funds Investment Act. Payment for investment services by the council shall be charged directly against the gross investment returns of the funds. Charges so incurred shall not be a part of the board's annual budget request. The amounts of payment for such services, as of December 31 of each year, shall be reported not later than March 31 of the following year to the council, the board, and the Nebraska Retirement Systems Committee of the Legislature.
The report submitted to the committee shall be submitted electronically.
The state investment officer shall sell any securities upon request from the executive director so as to provide money for the payment of benefits or annuities.