NE LB821

Nebraska Investment Council must have an independent analysis of investment returns for each retirement system administered by the Public Employees Retirement Board completed and presented to the board and Nebraska Retirement Systems Committee by March 31 annually

Nebraska Investment Council must prepare and present an annual report to the Nebraska Retirement Systems Committee by April 10, covering investment portfolios, strategies, state investment officer duties/limitations, organizational structure, and the investment return analysis

Public Employees Retirement Board must prepare and present an annual report to the Nebraska Retirement Systems Committee by April 10, covering funding policy, administrative costs and fees, member education programs, director duties, organizational structure, and internal controls

Eliminates the requirement for the Public Employees Retirement Board to verify that retirement system investments are made exclusively for member benefits and not for economic development or social purposes

Approved by the Governor on February 24, 2026, and amends sections 72-1243, 84-1309.01, and 84-1503 of Nebraska statutes