2006 Nebraska Revised Statutes - § 79-982 — Employees retirement system; trustees; meetings; duties.
Section 79-982Employees retirement system; trustees; meetings; duties.
The trustees shall (1) hold regular meetings annually and such special meetings at such times as may be deemed necessary, and all meetings of the trustees shall be open to the public, (2) keep a record of all the proceedings of such meetings, (3) subject to the approval of the board of education, invest all cash income not required for current payments in securities of the type provided in section 79-9,107 and so reinvest the proceeds from the sale or redemption of investments, and (4) supervise the financial affairs of the retirement system and recommend to the board of education any changes in the administration of the retirement system essential to the actuarial requirements of the fund.
Source:
- Laws 1951, c. 274, § 5, p. 914
Laws 1955, c. 321, § 1, p. 992
Laws 1979, LB 187, § 242
Laws 1993, LB 107, § 3
R.S.1943, (1994), § 79-1036
Laws 1996, LB 900, § 617
Laws 2001, LB 711, § 7
~Reissue Revised Statutes of Nebraska
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