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Public Employees Retirement System requests early compliance audit and accepts preliminary budget
Summary
Tyler Cummings, interim director of the Nebraska Public Employees Retirement Systems, accepted the committee's preliminary budget and requested additional spending authority for a statutorily required legal compliance audit to be completed before the December 2028 deadline.
Tyler Cummings, interim director of the Nebraska Public Employees Retirement Systems (NPERS), told the Appropriations Committee that NPERS administers seven retirement plans covering more than 175,000 members and that total plan assets are approximately $23 billion (invested by the Nebraska Investment Council).
Cummings said NPERS paid roughly $1.3 billion in retirement distributions last year and that the agency is…
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