2017 Nebraska Revised Statutes
Chapter 79 - SCHOOLS
79-983 Employees retirement system; administrator; appointment; retirement system staff.
79-983. Employees retirement system; administrator; appointment; retirement system staff.
The administrator of the retirement system shall be appointed by the board of trustees and approved by the board of education. The administrator of the retirement system shall serve at the pleasure of the board of trustees. The administrator shall hire, dismiss, and otherwise supervise the other staff of the retirement system, shall keep the minutes and records of the retirement system, shall be the executive officer in charge of the administration of the detailed affairs of the retirement system, and shall perform such other duties as may be assigned by the board of trustees. The administrator and retirement system staff shall be employees of the Class V school district, with compensation and the benefits as available to school district employees determined by the board of trustees. The retirement system shall reimburse the Class V school district for all employee costs of salary, employment taxes, and benefits provided to the administrator and retirement system staff. The administrator shall serve as a nonvoting, ex officio member of the council and shall not be deemed a fiduciary of the council.
Source
- Laws 1951, c. 274, § 6, p. 915;
- Laws 1991, LB 350, § 3;
- R.S.1943, (1994), § 79-1037;
- Laws 1996, LB 900, § 618;
- Laws 2006, LB 1024, § 63;
- Laws 2016, LB447, § 22.
