A Retirement Committee shall be established to supervise the general operation of the retirement system established pursuant to this subchapter. The governing body of the city shall continue to be responsible for the general administration of the retirement system unless specific functions or all functions with regard to the administration of the retirement system are delegated, by ordinance, to the Retirement Committee. Whenever duties or powers are vested in the city or the Retirement Committee under the sections or whenever the sections fail to specifically allocate the duties or powers of administration of the retirement system, the powers or duties shall be vested in the city unless the powers or duties have been delegated by ordinance to the Retirement Committee. The city and the Retirement Committee shall have all powers which are necessary for or appropriate to establishing, maintaining, managing and administering the retirement system.
(Prior Code, § 30-74)
Statutory reference:
Similar provisions, see Neb. RS 16-1014