The Police Pension Committee is governed by Neb. Rev. Stat. §16-1001 through §16-1019. The purpose of the Police Pension Committee is to supervise the general operation of the retirement system. The city and the retirment committee shall have all powers which are necessary for or appropriate to establishing, maintaining, managing, and administering the retirement system.

The committee shall consist of six members of which four members shall be selected by the officers from the police force of the city. Two members shall be designated by the City Council. The members who are not participants in such retirement system shall have a general knowledge of retirement plans. Members of the governing body of such city may serve on the retirement committee. The committee members shall be appointed to four-year terms.

Meetings are held quarterly.