{"id":24639,"date":"2019-01-29T10:18:54","date_gmt":"2019-01-29T16:18:54","guid":{"rendered":"http:\/\/update.legislature.ne.gov\/?p=24639"},"modified":"2019-01-29T10:18:54","modified_gmt":"2019-01-29T16:18:54","slug":"retirement-plan-administration-changes-advanced","status":"publish","type":"post","link":"https:\/\/update.legislature.ne.gov\/?p=24639","title":{"rendered":"Retirement plan administration changes advanced"},"content":{"rendered":"

Lawmakers gave first-round approval Jan. 29 to a bill that would make a number of governance and administrative changes to the Public Employees Retirement Board (PERB), Nebraska Public Employees Retirement System (NPERS), Nebraska Investment Council, Class V School Employees Retirement Plan and the Class V plan\u2019s board of trustees.<\/p>\n

\"Sen.
Sen. Mark Kolterman<\/figcaption><\/figure>\n

Introduced by Seward Sen. Mark Kolterman, LB33 would:
\n\u2022 increase the per diem for PERB members from $50 to $75;
\n\u2022 exempt legal compliance audit contracts from bidding requirements;
\n\u2022 increase from one to two the number of three-year extensions on actuarial contracts that the PERB may issue; and
\n\u2022 change the presentation date of the NPERS and Nebraska Investment Council annual reports to the Legislature from March 31 to April 10, beginning in 2020.<\/p>\n

Finally, the bill would grant the Class V School Employees Retirement Plan employer and its board of trustees the same exclusion from the state\u2019s public records law that applies to all other plans administered by the PERB.<\/p>\n

The only member information that could be released would be a member’s name and dates of plan participation.<\/p>\n

North Platte Sen. Mike Groene expressed concern that the public records exemption could limit the state\u2019s ability to gain information about the Class V plan, which has struggled in recent years.<\/p>\n

\u201cWe\u2019re going to take transparency out of this retirement program,\u201d he said. \u201cTransparency is the heart of democracy.\u201d<\/p>\n

Kolterman said he understood the concerns, but said the bill simply would bring the Class V plan into alignment with all the other state plans regarding the privacy of members\u2019 data.<\/p>\n

\u201cThere are certain things that we think ought to be privileged information,\u201d he said.<\/p>\n

Following adoption of a technical committee amendment on a 40-1 vote, the bill was advanced to select file 42-0.<\/p>\n","protected":false},"excerpt":{"rendered":"

Lawmakers gave first-round approval Jan. 29 to a bill that would make a number of governance and administrative changes to the Public Employees Retirement Board (PERB), Nebraska Public Employees Retirement System (NPERS), Nebraska Investment Council, Class V School Employees Retirement Plan and the Class V plan\u2019s board of trustees.<\/p>\n","protected":false},"author":1,"featured_media":24638,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[16],"tags":[143],"class_list":["post-24639","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-retirement-systems","tag-sen-mark-kolterman"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/update.legislature.ne.gov\/wp-content\/uploads\/2019\/01\/LB33Kolterman1-29-19a.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts\/24639","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24639"}],"version-history":[{"count":2,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts\/24639\/revisions"}],"predecessor-version":[{"id":24641,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/posts\/24639\/revisions\/24641"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=\/wp\/v2\/media\/24638"}],"wp:attachment":[{"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24639"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24639"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/update.legislature.ne.gov\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24639"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}