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Policies & Statutes

Council Policies

Notice Pursuant to the Adminstrative Procedures Act

The following notice, which is required by Neb. Rev. Stat. § 84-901.03(2), applies to all provisions of the Policy Manual of the Nebraska Investment Council. 

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 Procedure Act. If you believe that this guidance document imposes additional requirements or penalties on regulated parties, you may request a review of the document.

2016 Neb. Laws LB 867, § 5(2) (codified at Neb. Rev. Stat. § 84-901.03(2)(Cum. Supp. 2016)).

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 Plans
State Equal Retirement Benefit Fund and County Equal Retirement Benefit Fund
Operating Investment Pool (OIP)
General Endowment Funds
Health Care Endowment Fund
Aeronautics Trust Fund
Agricultural Development Fund 
Excess Liability Fund
Time Deposit Open Account (TDOA)
Cash Management Policy

 

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, 118
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-6CVII-7CVII-8CVII-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
Long-Term Care Savings Plan Act 77-6105