Nebraska Retirement Systems Committee

April 3, 2025

Committee Chair: Sen. Beau Ballard | Bills Heard: 0 | Full Transcript (PDF)

Session Notes

This was an informational hearing, not a bill hearing. The committee received two presentations: (1) the NPERS Experience Study from actuaries Brent Bannister and Pat Beckham of Cavanaugh Macdonald, and (2) the NPERS Annual Report from Tyler Cummings, interim director of the Nebraska Public Employees Retirement System. No votes were taken. Key topics discussed included investment return assumptions being phased down from 7% to 6.75% over four years, wage inflation adjustments, demographic assumption changes, and the status of the Omaha School Employees Retirement System (OSERS), which NPERS took over administration of on September 1, 2024. Committee members present: Sen. Juarez (District 5), Sen. Brian Hardin (District 48), and Chair Ballard. Committee staff: Trevor Fitzgerald (Legal Counsel), Connie Thomas (Clerk), and pages Alberto and Ayden.

Generated by NE Wire Service | Source: Nebraska Legislature Transcribers Office This is an AI-generated summary. Verify all claims against the official transcript.