It shall be the duty of the Retirement Committee to:
(A) Provide each employee a summary of plan eligibility requirements and benefit provisions;
(B) Provide, within 30 days after a request is made by a participant, a statement describing the amount of benefits the participant is eligible to receive;
(C) Make available for review an annual report of the system’s operations describing both:
(1) The amount of contributions to the system from both employee and employer sources; and
(2) An identification of the total assets of the retirement system.
(D) Have an analysis made of the investment return that has been achieved on the assets of the retirement system administered by the Committee. The analysis shall be prepared as of January 1, 1988, and each 5 years thereafter. The analysis shall be prepared by an independent private organization which has demonstrated expertise to perform this type of analysis and which is unrelated to any organization offering investment advice or which provides investment management services to the retirement system.
(Prior Code, § 30-77)
Statutory reference:
Similar provisions, see Neb. RS 16-1017