Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Nebraska Investment Council reports $42.7 billion in assets; defined-benefit plans return 11.2% in 2024
Summary
State Investment Officer Ellen Hung told the Nebraska Retirement Systems Committee the Nebraska Investment Council had $42.7 billion in assets across 32 programs as of Dec. 31, 2024; defined-benefit plans returned 11.2% for the year and the council approved hiring a private-markets consultant subject to budget approval.
State Investment Officer Ellen Hung told the Nebraska Retirement Systems Committee that the Nebraska Investment Council managed $42.7 billion across 32 investment programs as of Dec. 31, 2024, and that the council’s defined‑benefit plans returned 11.2% for 2024.
The annual report Hung presented to the committee said the council’s assets rose from $40.8 billion at the end of 2023. Hung said the defined‑benefit plans account for about 42.7% of total assets and the council’s operating investment pool makes up about 21.5% of assets, with the latter managed internally by council staff.
The details: the council reported $18.2 billion in defined‑benefit plan assets, a 11.2% 2024 return for those plans (slightly below their benchmark but in the top quartile versus peers), and a 9.4% return for the Omaha…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
