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
- 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
Nebraska Achieving a Better Life Experience
Council Rules
Title 213: Procedures for distribution of funds to banks, capital stock financial institutions, and qualifying mutual financial institutions.
Index of Rules and Regulations and Guidance Documents
Relevant State Laws
DEFINED BENEFIT PLANS/SCHOOL, JUDGES, STATE PATROL, AND OSERS |
|
| State Employees Retirement Act | 72-1237 through 72-1260 |
| School Employees Retirement Act | 79-901 through 79-977.03 |
| Class V School Employees Retirement Act | 79-978 through 79-9,124 |
| Judges Retirement Act | 24-701 through 24-714 |
| State Patrol Retirement Act, Nebraska | 81-2014 through 81-2041 |
DEFERRED COMPENSATION PLAN/STATE AND COUNTY RETIREMENT SYSTEMS |
|
| State Funds Investment Act, Nebraska | 72-1237 through 72-1260 |
| State Employees Retirement Act | 84-1301 through 84-1333 |
| County Employees Retirement Act | 23-2301 through 23-2334 |
| Deferred Compensation Plan | 84-1504 through 84-1510 |
OPERATING INVESTMENT POOL |
|
| Capital Expansion Act, Nebraska | 72-1261 through 72-1278 |
| State Funds Investment Act, Nebraska | 72-1237 through 72-1260 |
SAVINGS PLANS |
|
| Nebraska Educational Savings Plan Trust | 85-1801 through 85-1814 |
| State Funds Investment Act, Nebraska | 72-1237 through 72-1260 |
| Capital Expansion Act, Nebraska | 72-1261 through 72-1278 |
| Achieving a Better Life Experience (ABLE) | 77-1401 through 77-1409 |
GENERAL ENDOWMENT FUND |
|
| Agricultural College Endowment Fund | 85-122 through 85-132 |
| Bessey Memorial Trust Fund | 85-167 through 85-171 |
| Cultural Preservation Endowment Fund, Nebraska | 82-331 through 82-333 |
| Early Childhood Education Endowment, Nebraska | 79-1101 through 79-1104.05 |
| Environmental Endowment Fund, Nebraska | 81-15,174.01 |
| Permanent Endowment Fund | 85-122 through 85-132 |
| Permanent School Fund | 72-201 through 72-269, CVII-6, CVII-7, CVII-8, CVII-9 |
| State College Endowment Fund | 85-317 |
| Veterans’ Aid Fund, Nebraska | 80-401 |
HEALTH CARE ENDOWMENT FUND |
|
| Health Care Funding Act, Nebraska | 71-7605 through 71-7611 |
MISCELLANEOUS TRUSTS |
|
| Aeronautics Trust Fund | 3-155 through 3-156 |
| Agricultural Development Fund | 2-2101 through 2-2107 |
| Excess Liability Fund Hospital-Medical Liability Act, Nebraska | 44-2801 through 44-2855 |
MISCELLANEOUS |
|
| Public Employees Retirement Board | 84-1501 through 84-1514 |
