79-983 Employees retirement system; administrator; appointment; retirement system staff.

NE Code § 79-983 (2019) (N/A)

Copy with citation

Copy as parenthetical citation

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

Previous Section

79-982.02 Employees retirement system; investment of assets; board of trustees; duties; plan for transition of investment authority; contents; costs, fees, and expenses; state investment officer; report.

Next Section

79-984 Employees retirement system; actuary; duties.