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Defined Benefit Plans

The Nebraska Investment Council is responsible for investing the assets of the Defined Benefit Plans. There are five Defined Benefit Plans: the School Retirement System of the State of Nebraska, the Nebraska Judges Retirement System, the Nebraska State Patrol Retirement System, the Omaha School Employees' Retirement System (OSERS), and the Omaha School Service Annuity Fund.

  1. Asset Allocation of the School Retirement System of the State of Nebraska and the Nebraska Judges Retirement System, and the Omaha School Service Annuity Fund

Pie Chart showing the Target Policy Asset Allocation for Defined Benefit School, Judges, and Omaha School Service Annuity Fund as of December 31, 2025.

Asset Class %
U.S. Equity 20.5%
Global Equity 18.5%
Non-U.S. Equity 10.0%
Fixed Income - Return Seeking 8.5%
Fixed Income - Core 30.0%
Real Estate 5.5%
Infrastructure 2.0%
Private Equity 5.0%
  1. Asset Allocation of the Nebraska State Patrol Retirement System, the Omaha School Employees' Retirement System (OSERS)

Pie Chart of Target Policy Asset Allocation for Defined Benefit - State Patrol & OSERS as of 12.31.25

Asset Class %
U.S. Equity 24.0%
Global Equity 22.0%
Non-U.S. Equity 11.5%
Fixed Income - Return Seeking 10.0%
Fixed Income - Core 20.0%
Real Estate 5.5%
Infrastructure 2.0%
Private Equity 5.0%