Nebraska § 16-1016 - Retirement system funds; contracts for investments.
Full text of Nebraska Revised Statutes of Nebraska § 16-1016 — Retirement system funds; contracts for investments., with citation guidance and answers to common questions.
§ 16-1016. Retirement system funds; contracts for investments.
(1) The funds of a retirement system shall be invested under the general direction of the retirement committee for such retirement system.
(2) A city or the retirement committee established by such city if delegated such function by the city shall select and contract with a funding agent or agents to hold or invest the assets of the retirement system established by such city and to provide for the benefits provided by the Cities of the First Class Police Officers Retirement Act. Such city or retirement committee may select and contract with investment managers registered under the federal Investment Advisers Act of 1940 to invest, reinvest, and otherwise manage such portion of the assets of the retirement system as may be assigned by such city or retirement committee.
(3) All funds of a retirement system shall be invested pursuant to the policies established by the Nebraska Investment Council.
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 16-1016
What does Revised Statutes of Nebraska § 16-1016 cover?
Section 16-1016 ("Retirement system funds; contracts for investments.") is part of the Revised Statutes of Nebraska, the codified statutory law of Nebraska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nebraska § 16-1016?
A common citation format is "Revised Statutes of Nebraska § 16-1016" (Nebraska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nebraska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nebraska official source linked on this page or consult a licensed Nebraska attorney.
How does Nebraska § 16-1016 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nebraska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nebraska.