Nebraska Administrative Code
Topic - PUBLIC EMPLOYEES RETIREMENT SYSTEMS
Title 303 - PUBLIC EMPLOYEES RETIREMENT BOARD
Chapter 1 - PUBLIC EMPLOYEES RETIREMENT BOARD MANAGEMENT
Section 303-1-005 - Board Administrative Policies
Current through March 20, 2024
005.01 The Board shall appoint a Director to administer the Retirement Systems under the direction of the Board. The Board shall conduct a performance evaluation of the Director at least annually.
005.02 Except as expressly provided by statute or regulation, the Board may delegate to the Director responsibility for all day to day operations and decisions. All actions and decisions of the Director shall be subject to review by the Board upon the filing of an appeal by any person aggrieved by any action or decision of the Director.
005.03 The Board shall review and approve or disapprove all applications for disability retirement, emergency withdrawals from the deferred compensation plan, annual budget requests, monthly expense disbursements and retirement benefit payments, administrative service contracts, actuarial service provider contracts, compliance audit contracts, and 3. proposed rules and regulations. The Board shall be provided with copies of all actuarial reports, and all financial and compliance audit reports.
