______________________________________ Jeffrey W. States State Investment Officer Nebraska Investment Council NEBRASKA ADMINISTRATIVE CODE TITLE 213 NEBRASKA INVESTMENT COUNCIL CHAPTER 2 CHAPTER 2 PERSONNEL MANAGEMENT – 001 Personnel Policies. These rules shall not be construed as limiting, in any way, the power and authority of the Council to make policies governing the conduct of Council employees and the performance of Council functions, provided that such Council policies shall be consistent with, and limited by, the provisions of these rules and any collective bargaining agreements. 001.01 State Investment Officer. The Council shall appoint a State Investment Officer, subject to the approval of the Governor and a majority of the Legislature. The Council shall fix the salary of the State Investment Officer, which shall not be less than $25,000 per year, and shall have the discretion, but not the obligation, to provide to the State Investment Officer vacation benefits greater than those provided under the State Personnel System. The Council may offer any other benefits available to State employees under Nebraska law. The State Investment Officer shall serve without term and may be removed for cause by the Council. 001.02 Deputy State Investment Officer. With the approval of the Council, the State Investment Officer may designate a deputy to perform such acts and duties as the State Investment Officer shall authorize, subject to the same restrictions as apply to the State Investment Officer. 001.03 Personnel. The State Investment Officer shall employ qualified personnel as may be required to carry out the duties and responsibilities required under the Nebraska State Funds Investment Act. Such employees shall be deemed state employees and covered by the State Personnel System pursuant to sections 81-1301 to 81-1368 and other personnel rules or regulations, unless exempt pursuant to sections 001.04 and 001.05 hereof. 001.04 Exemption from State Personnel System. At the discretion of the Council, Investment Managers who are employees of the Council may be exempted from the State Personnel System. Any such Investment Manager shall become exempt upon the affirmative consent of the Investment Manager. The State Investment Officer shall be exempt from the State Personnel System. 001.05 Investment Managers. Subject to the approval of the Council, the State Investment Officer shall fix the salaries of Exempt Investment Managers and may, but shall not be obligated
______________________________________ Jeffrey W. States State Investment Officer Nebraska Investment Council NEBRASKA ADMINISTRATIVE CODE TITLE 213 NEBRASKA INVESTMENT COUNCIL CHAPTER 2 CHAPTER 2 – PERSONNEL MANAGEMENT 001 Personnel Policies. These rules shall not be construed as limiting, in any way, the power and authority of the Council to make policies governing the conduct of Council employees and the performance of Council functions, provided that such Council policies shall be consistent with, and limited by, the provisions of these rules and any collective bargaining agreements. 001.01 State Investment Officer. The Council shall appoint a State Investment Officer, subject to the approval of the Governor and a majority of the Legislature. The Council shall fix the salary of the State Investment Officer, which shall not be less than $25,000 per year, and shall have the discretion, but not the obligation, to provide to the State Investment Officer vacation benefits greater than those provided under the State Personnel System. The Council may offer any other benefits available to State employees under Nebraska law. The State Investment Officer shall serve without term and may be removed for cause by the Council. 001.02 Deputy State Investment Officer. With the approval of the Council, the State Investment Officer may designate a deputy to perform such acts and duties as the State Investment Officer shall authorize, subject to the same restrictions as apply to the State Investment Officer. 001.03 Personnel. The State Investment Officer shall employ qualified personnel as may be required to carry out the duties and responsibilities required under the Nebraska State Funds Investment Act. Such employees shall be deemed state employees and covered by the State Personnel System pursuant to sections 81-1301 to 81-1368 and other personnel rules or regulations, unless exempt pursuant to sections 001.04 and 001.05 hereof. 001.04 Exemption from State Personnel System. At the discretion of the Council, Investment Managers who are employees of the Council may be exempted from the State Personnel System. Any such Investment Manager shall become exempt upon the affirmative consent of the Investment Manager. The State Investment Officer shall be exempt from the State Personnel System. 001.05 Investment Managers. Subject to the approval of the Council, the State Investment Officer shall fix the salaries of Exempt Investment Managers and may, but shall not be obligated
0000000000000972.docx