2019 Nebraska Revised Statutes
Chapter 79 - SCHOOLS
79-9,122 Class V School Employees Retirement System Management Work Plan Fund; created; use; investment.
79-9,122. Class V School Employees Retirement System Management Work Plan Fund; created; use; investment.
(1) The Class V School Employees Retirement System Management Work Plan Fund is created. The purpose of the fund is to transfer funds as specified in this section. The fund shall consist of the amounts transferred from the employer of any Class V school employees retirement system established under the Class V School Employees Retirement Act and which existed on January 1, 2019, for all work performed by the Public Employees Retirement Board for services and related expenses in completion of the work described in section 79-9,121. The fund shall be administered by the Nebraska Public Employees Retirement Systems. Any money in the fund available for investment shall be invested by the state investment officer pursuant to the Nebraska Capital Expansion Act and the Nebraska State Funds Investment Act.
(2) The employer of any Class V school employees retirement system established under the Class V School Employees Retirement Act and which existed on January 1, 2019, shall remit the payment described in subsection (3) of section 79-9,121 to the State Treasurer for credit to the Class V School Employees Retirement System Management Work Plan Fund for all work performed by the Public Employees Retirement Board for services and related expenses in completion of the work plan.
Source
- Laws 2019, LB31, ยง 4.
- Effective Date: May 2, 2019
Cross References
- Nebraska Capital Expansion Act, see section 72-1269.
- Nebraska State Funds Investment Act, see section 72-1260.
