NPERS administers pension and other benefits for most public employees in the state. The System administers five plans, including three defined benefit plans, for teachers, judges, and members of the highway patrol; and two cash balance plans, for state and county employees, respectively. State and county employees hired prior to 1/1/03 were enrolled in a defined contribution plan; those who are still working and who have not elected to switch to the cash balance plan remain in the DC plan.
Nebraska Retirement Systems Basics, by Plan
| Plan |
Assets (millions) |
Total Members |
| Nebraska Schools |
15,229.7 |
80,244 |
| Other Plans |
763.8 |
22,837 |
| Total |
15,993.5 |
103,081 |
Source: Public Plans Database (as of 2023)
Note: Nebraska Retirement Systems has 3 other plans.
Assets
Assets at Year-End
Nebraska Retirement Systems
2001-2023
| Fiscal Year |
Net Assets (billions) |
| 2001 |
4.5 |
| 2002 |
4.3 |
| 2003 |
4.5 |
| 2004 |
5.2 |
| 2005 |
5.7 |
| 2006 |
6.3 |
| 2007 |
7.4 |
| 2008 |
7.0 |
| 2009 |
5.6 |
| 2010 |
6.3 |
| 2011 |
7.7 |
| 2012 |
7.6 |
| 2013 |
8.5 |
| 2014 |
10.0 |
| 2015 |
10.2 |
| 2016 |
10.2 |
| 2017 |
11.5 |
| 2018 |
12.2 |
| 2019 |
12.8 |
| 2020 |
12.9 |
| 2021 |
16.5 |
| 2022 |
14.9 |
| 2023 |
16.0 |
Membership
Ratio of Actives to Beneficiaries, 2001-2023
| Fiscal Year |
Nebraska Retirement Systems |
US State and Local Pensions |
| 2001 |
3.2 |
2.4 |
| 2002 |
3.1 |
2.3 |
| 2003 |
3.0 |
2.2 |
| 2004 |
2.8 |
2.1 |
| 2005 |
2.7 |
2.1 |
| 2006 |
2.6 |
2.0 |
| 2007 |
2.5 |
2.0 |
| 2008 |
2.4 |
1.9 |
| 2009 |
2.4 |
1.9 |
| 2010 |
2.3 |
1.8 |
| 2011 |
2.2 |
1.7 |
| 2012 |
2.0 |
1.6 |
| 2013 |
2.0 |
1.5 |
| 2014 |
1.9 |
1.4 |
| 2015 |
1.9 |
1.4 |
| 2016 |
1.8 |
1.4 |
| 2017 |
1.7 |
1.4 |
| 2018 |
1.7 |
1.3 |
| 2019 |
1.7 |
1.3 |
| 2020 |
1.6 |
1.3 |
| 2021 |
1.6 |
1.2 |
| 2022 |
1.5 |
1.2 |
| 2023 |
1.5 |
1.2 |
2023 Membership for Nebraska Retirement Systems
| Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
| 44,388 |
29,579 |
7,568 |
103,081 |
270 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
Nebraska Retirement Systems
2001-2023
| Fiscal Year |
Cash Flow |
Assets |
| 2001 |
29.1 |
4,548.8 |
| 2002 |
25.6 |
4,295.5 |
| 2003 |
20.1 |
4,541.9 |
| 2004 |
7.7 |
5,210.2 |
| 2005 |
-4.1 |
5,710.2 |
| 2006 |
11.1 |
6,320.4 |
| 2007 |
-19.8 |
7,426.4 |
| 2008 |
-55.3 |
6,951.0 |
| 2009 |
-68.3 |
5,560.9 |
| 2010 |
-50.4 |
6,271.9 |
| 2011 |
-65.1 |
7,667.0 |
| 2012 |
-83.4 |
7,648.5 |
| 2013 |
-94.2 |
8,539.6 |
| 2014 |
-106.5 |
9,967.1 |
| 2015 |
-131.7 |
10,210.5 |
| 2016 |
-148.8 |
10,219.0 |
| 2017 |
-164.7 |
11,450.6 |
| 2018 |
-182.5 |
12,245.0 |
| 2019 |
-210.4 |
12,847.2 |
| 2020 |
-230.7 |
12,916.0 |
| 2021 |
-250.5 |
16,491.1 |
| 2022 |
-280.5 |
14,857.1 |
| 2023 |
-314.2 |
15,993.5 |
2023 Cash Flows for Nebraska Retirement Systems (millions)
| Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
| 517.3 |
831.5 |
1,450.6 |
1,136.4 |
Cash Flow as a Percentage of Assets
Nebraska Retirement Systems
2001-2023
| Fiscal Year |
Nebraska Retirement Systems |
National Average |
| 2001 |
0.6 |
-2.1 |
| 2002 |
0.6 |
-2.0 |
| 2003 |
0.4 |
-2.5 |
| 2004 |
0.1 |
-2.0 |
| 2005 |
-0.1 |
-2.2 |
| 2006 |
0.2 |
-2.2 |
| 2007 |
-0.3 |
-2.1 |
| 2008 |
-0.8 |
-2.3 |
| 2009 |
-1.2 |
-3.1 |
| 2010 |
-0.8 |
-3.2 |
| 2011 |
-0.8 |
-3.1 |
| 2012 |
-1.1 |
-3.3 |
| 2013 |
-1.1 |
-3.1 |
| 2014 |
-1.1 |
-2.9 |
| 2015 |
-1.3 |
-2.8 |
| 2016 |
-1.5 |
-3.0 |
| 2017 |
-1.4 |
-2.9 |
| 2018 |
-1.5 |
-2.6 |
| 2019 |
-1.6 |
-2.6 |
| 2020 |
-1.8 |
-2.4 |
| 2021 |
-1.5 |
-2.1 |
| 2022 |
-1.9 |
-2.1 |
| 2023 |
-2.0 |
-2.1 |
