State Codes and Statutes

State Codes and Statutes

Statutes > Nebraska > Chapter50 > 50-417

50-417. Nebraska Retirement Systems Committee; public retirement systems; existing or proposed; duties.The Nebraska Retirement Systems Committee shall study any legislative proposal, bill, or amendment, other than an amendment proposed by the Committee on Enrollment and Review, affecting any public retirement system, existing or proposed, established by the State of Nebraska or any political subdivision thereof and report the results of such study to the Legislature, which report shall, when applicable, include an actuarial analysis and cost estimate and the recommendation of the committee regarding passage of any bill or amendment. To assist it in the performance of such duties, the committee may consult with and utilize the services of any officer, department, or agency of the state and may from time to time engage the services of a qualified and experienced actuary. In the absence of any report from such committee, the Legislature shall consider requests from groups seeking to have retirement plans established for them and such other proposed legislation as is pertinent to existing retirement systems. SourceLaws 1959, c. 243, § 2, p. 832; Laws 1989, LB 189, § 2.