38-863.02. Pension funding policies; board; employers' pension funding policies; posting; popular annual financial report
A. The board shall annually review and adopt a pension funding policy for each defined benefit retirement plan and system administered by the board that analyzes and reviews the methods to ensure systematic funding of all retirement benefit payments for the members of each defined benefit retirement plan and system and that outlines the strategy to achieve financial solvency of each plan and system.
B. The board shall annually consolidate the pension funding policies of employers adopted pursuant to section 38-863.01 and post the document on the system's public website.
C. On or before June 30 of each year, the board shall submit a popular annual financial report to the governor, the president of the senate and the speaker of the house of representatives and post to the system's public website that includes the following:
1. For each retirement system and plan that is administered by the board:
(a) Funding status.
(b) Aggregate contribution rates.
(c) Demographic updates.
2. For the aggregate of the systems and plans administered by the board:
(a) Investment returns.
(b) An analysis of the system's aggregate experience over the previous year.
(c) Major policy and governance changes.
(d) Future trends and objectives.