(A) A retirement committee shall be established to supervise the general operation of the retirement system. The governing body of the city shall 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. All costs incurred with regard to the administration of the retirement system shall be paid by the city from the unallocated employer account as provided in § 94.146.
(B) The city and Retirement Committee shall have all powers which are necessary for or appropriate to establishing, maintaining, managing and administering the retirement system. Whenever this subchapter fails to address the allocation of duties or powers in the 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.
(Prior Code, § 24-235)
Statutory reference:
Similar provisions, see Neb. RS 16-1034