The resolution proposes an interim study to be conducted by the Nebraska Retirement Systems Committee, focusing on the monitoring of underfunded defined benefit plans managed by political subdivisions, as mandated by section 13-2402. The study will include a public hearing where political subdivisions can present reports regarding their underfunded plans.

Upon completing the study, the Nebraska Retirement Systems Committee is required to compile its findings and recommendations into a report, which will be submitted to the Legislative Council or the Legislature for further consideration.