Council Policies
The Nebraska Investment Council Investment Policies provide the framework for the management of the investments by the Council.
Notice Pursuant to the Administrative Procedures Act
Neb. Rev. Stat. § 84-901.03(2): This guidance document is advisory in nature but is binding on an agency until amended by such agency. A guidance document does not include internal procedural documents that only affect the internal operations of the agency and does not impose additional requirements or penalties on regulated parties or include confidential information or rules and regulations made in accordance with the Administrative Procedures Act. If you believe that this guidance document imposes additional requirements or penalties on regulated parties, you may request a review of the document.
Notice to Political Subdivisions
Neb. Rev. Stat. § 77-2341(1) requires the Council to furnish political subdivisions on request "current authorized investment guidelines," all of which are listed below. The Council does not maintain an investment policy for political subdivisions. Political subdivisions should consult with their legal counsel in determining what investments they are permitted to make under Nebraska law. See, for example, Article XI of the Nebraska Constitution regarding limitations on investments, and Neb. Op. Atty' Gen. No. 05006 (March 8, 2005).
Governance Policies including:
- Statement of Investment Philosophy
- Relationships and Responsibilities
- Code of Ethics, Policy on Conflicts of Interest
- Council Procedures
- Fiduciary Management of Risk
- Advocacy
- Committees of the Council
Administrative Policies including:
- Placement Agents
- Commission Recapture
- Soft Dollar/Brokerage
- Proxy Voting
- Derivatives
- Securities Lending
- Securities Litigation
Defined Benefit Plans - School, State Patrol, and Judges
Cash Balance Benefit Plans - State and County
Omaha School Employees' Retirement System (OSERS)
Defined Contribution and Deferred Compensation Plan
State Equal Retirement Benefit Fund and County Equal Retirement Benefit Fund
Operating Investment Pool (OIP)
General Endowment Funds
Health Care Endowment Funds
Aeronautics Trust Fund
Agricultural Development Fund
Excess Liability Fund
Nebraska Educational Savings Plan Trust
Cash Management Policy
Nebraska Achieving a Better Life Experience
Council Rules
Time Deposit Open Account Program (TDOA) - the rule can be found on Nebraska Secretary of State's website click here.
Relevant State Laws
DEFINED BENEFIT PLANS/SCHOOL, JUDGES, STATE PATROL, AND OSERS |
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State Employees Retirement Act |
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School Employees Retirement Act |
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Class V School Employees Retirement Act |
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Judges Retirement Act |
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State Patrol Retirement Act, Nebraska |
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DEFERRED COMPENSATION PLAN/STATE AND COUNTY RETIREMENT SYSTEMS |
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State Funds Investment Act, Nebraska |
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State Employees Retirement Act |
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County Employees Retirement Act |
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Deferred Compensation Plan |
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OPERATING INVESTMENT POOL |
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Capital Expansion Act, Nebraska |
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State Funds Investment Act, Nebraska |
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SAVINGS PLANS |
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Nebraska Educational Savings Plan Trust |
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State Funds Investment Act, Nebraska |
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Capital Expansion Act, Nebraska |
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Achieving a Better Life Experience (ABLE) |
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GENERAL ENDOWMENT FUND |
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Agricultural College Endowment Fund |
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Bessey Memorial Trust Fund |
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Cultural Preservation Endowment Fund, Nebraska |
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Early Childhood Education Endowment, Nebraska |
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Environmental Endowment Fund, Nebraska |
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Permanent Endowment Fund |
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Permanent School Fund |
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State College Endowment Fund |
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Veterans’ Aid Fund, Nebraska |
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HEALTH CARE ENDOWMENT FUND |
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Health Care Funding Act, Nebraska |
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MISCELLANEOUS TRUSTS |
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Aeronautics Trust Fund |
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Agricultural Development Fund |
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Excess Liability Fund Hospital-Medical Liability Act, Nebraska |
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MISCELLANEOUS |
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Public Employees Retirement Board |
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