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Nebraska

Nebraska has six public pension systems: the School Employees’ Retirement System, the Judges’ Retirement System, the State Patrol Retirement System, the Omaha School Employees’ Retirement System, the State Employees’ Retirement System, and the County Employees’ Retirement System. All six of these retirement systems are overseen by the Nebraska Public Employees’ Retirement System (NPERS). The investments of Nebraska’s state pension funds are overseen by the Nebraska Investment Council (NIC).

The NIC Board consists of 7 members: 5 private citizens appointed by the Governor and confirmed by the State Legislature; 2 Ex Officio members (the State Treasurer and the Director of the Public Employees’ Retirement Systems).
- The NIC also has a 9-member Investment Team
The NPERS board represents all eligible state employees; the board consists of 8 members, all appointed by the Governor.
- NPERS discloses its proxy voting record for directly held equities on this website.
- NPERS uses Glass Lewis for its proxy advisory services.
  - NPERS uses the “Corporate Governance Focused” guidelines.

The “By Asset Manager” and “Asset Manager Voting” tables show the proxy voting records of the state’s asset managers who manage the pensions’ stock market portfolio through index, exchange-traded, or mutual funds. Since these are externally managed funds, the asset managers typically retain and exercise proxy voting privileges. This data is used to calculate the state’s pro-ESG and anti-ESG scores to see how the state leverages its externally managed funds in proxy voting.

The “State Voting” table shows NPERS’ proxy voting records for directly owned securities through pension fund portfolios. The 1792 Exchange commends NPERS for publicly disclosing this information online for its pensioners.

Both tables are important to show a comprehensive picture of the state’s proxy voting record.

By Asset Manager

Arrowstreet Funds