Title 17

NRS 218C.110 Effect of termination or partial termination of System. Upon the termination or partial termination of the Legislators’ Retirement System: 1. Except as otherwise provided in subsection 2, all accrued benefits that are funded must become 100 percent vested and nonforf…

NRS 218C.150 System administered by Public Employees’ Retirement Board; rules. The Legislators’ Retirement System shall be administered by the Board, which may make all necessary rules for the administration of the System. (Added to NRS by 1967, 1217)

NRS 218C.160 Legislators’ Retirement Administrative Fund: Creation and purpose; assessment of administrative fee. 1. The Board shall establish a fund known as the Legislators’ Retirement Administrative Fund in which must be deposited all administrative fees. 2. The Board shall fi…

NRS 218C.170 Legislators’ Retirement Fund: Creation and purpose; sources; payments. 1. The Board shall establish a fund known as the Legislators’ Retirement Fund. 2. All money paid as individual and employer contributions, all money appropriated by the Legislature to the Fund and…

NRS 218C.180 Legislators’ Retirement Fund: Administration and investment. The Board has the exclusive control of the administration and investment of the Legislators’ Retirement Fund, with the same powers and duties and subject to the same limitations and restrictions that are ap…

NRS 218C.190 Legislators’ Retirement Fund: Report of income and disbursements. 1. At the commencement of each regular session, the Board shall submit a report of income and disbursements from the Legislators’ Retirement Fund for the preceding biennium to the Director, who shall d…

NRS 218C.200 Administration of accounts of members and recipients of benefits. Except as specifically provided in this chapter, the accounts of members and recipients of benefits of the Legislators’ Retirement System must be administered in accordance with the provisions of chapt…

NRS 218C.300 Transfer of service from Public Employees’ Retirement System; retransfer; double coverage. 1. Within a reasonable time after July 1, 1967, the Board shall notify all incumbent Legislators in writing concerning credit for service, other than legislative service, cover…

NRS 218C.310 Continuation of service under Public Employees’ Retirement System; calculation of benefits. 1. A member of the Public Employees’ Retirement System with service as a Legislator before January 1, 1967, may continue such service under the Public Employees’ Retirement Sy…

NRS 218C.320 Membership in System mandatory; exceptions; contributions; designation and change of beneficiary. 1. Except as otherwise provided in NRS 218C.330 or 286.385 or required as a result of NRS 218C.340, each Legislator must be a member of the Legislators’ Retirement Syste…

NRS 218C.330 Election not to participate as member of System; effect of termination of participation. 1. A Legislator may, within 30 days after the Legislator is first elected or appointed to office, elect not to participate as a member of the Legislators’ Retirement System by su…

NRS 218C.340 Limitations on contributions and benefits under federal law. 1. The election provided by section 415(b)(10)(C) of the Internal Revenue Code (26 U.S.C. § 415(b)(10)(C)) is hereby made. 2. Notwithstanding any other provision of law, the benefits payable to and the cont…

NRS 218C.350 Computation of service credit. 1. Except as otherwise provided in subsection 2, for a Legislator who is a member of the Legislators’ Retirement System: (a) Service credit for retirement under the Legislators’ Retirement System begins on the first day of the year of e…

NRS 218C.360 Computation of service credit for legislative service before July 1, 1967; contributions. 1. A Legislator who rendered service as a Legislator prior to July 1, 1967, may receive credit for such service, if otherwise eligible, through transfer of payments for such ser…

NRS 218C.370 Purchase of service credit: General requirements. Except as otherwise required as a result of NRS 218C.340: 1. Any member of the Legislators’ Retirement System may purchase all previous creditable service performed in the Legislature if the service was performed befo…

NRS 218C.380 Purchase of service credit: Deferred payment; contributions; administrative fees. 1. Except as otherwise required as a result of NRS 218C.340, a Legislator who provides proper documentation and establishes the right to purchase any of the service listed in NRS 218C.3…

NRS 218C.390 Deduction and payment of contributions. Except as otherwise provided in NRS 286.385, the Director shall: 1. Deduct from the compensation of each Legislator who is a member of the Legislators’ Retirement System an amount equal to 15 percent of the gross compensation e…

NRS 218C.450 Minimum requirement for retirement; effect of lapse in service; reduction in benefits for early retirement. 1. The minimum requirement for retirement is: (a) For a Legislator who has an effective date of membership before July 1, 2015, 10 years of accredited service;…

NRS 218C.500 Determination of monthly benefits. Except as otherwise required as a result of NRS 218C.340, a Legislator entering into retirement on or after July 1, 1975, is entitled to receive a monthly retirement allowance of $25 for each year of service up to 30 years, prorated…

NRS 218C.510 Additional benefits; cost-of-living increases. 1. Each person who receives a benefit from the Legislators’ Retirement Fund is entitled to an additional benefit of 1.5 percent of the recipient’s base benefit for each full year during which the recipient has received b…

NRS 218C.520 Limitation on distributions to members of System. Notwithstanding any other provision of law, every distribution to a member of the Legislators’ Retirement System must be made pursuant to the provisions of section 401(a)(9) of the Internal Revenue Code, 26 U.S.C. § 4…

NRS 218C.530 Limitation on compensation used to determine benefits. Notwithstanding any other provision of law, the amount of compensation used to determine the retirement benefit of a member of the Legislators’ Retirement System must not exceed: 1. If the member has an effective…

NRS 218C.540 Computation of benefits payable to Legislator who became member of System before January 1, 1990. The benefits payable to a Legislator whose effective date of membership is before January 1, 1990, must not be less than the Legislator’s accrued benefits determined wit…

NRS 218C.550 Actuarial assumptions used in computation of benefits. 1. The Board shall not change the actuarial assumptions used in computing the benefits provided to a Legislator who is a member of the Legislators’ Retirement System. 2. The Board shall make available to every Le…

NRS 218C.560 Prohibition against applying forfeitures to increase benefits. Forfeitures must not be applied to increase the benefits any member would otherwise receive pursuant to the provisions governing the Legislators’ Retirement System as provided by section 401(a)(8) of the …

NRS 218C.570 Options for payment of benefits to designated beneficiary after member’s death. 1. At the time of retirement, a Legislator who is a member of the Legislators’ Retirement System may, at his or her election, choose to receive a reduced service retirement allowance of e…

NRS 218C.580 Benefits for survivors. 1. The provisions of NRS 286.671 to 286.679, inclusive, except NRS 286.6775, relating to benefits for survivors pursuant to the Public Employees’ Retirement System, are applicable to the dependents of a Legislator who is a member of the Legisl…

NRS 218C.582 Benefits for spouse of member killed in course of legislative service. 1. The spouse of a Legislator who is a member of the Legislators’ Retirement System killed in the course of legislative service on or after July 1, 2013, is entitled to receive a monthly allowance…

NRS 218C.584 Benefits for survivors of member killed in course of legislative service. 1. If a Legislator who is a member of the Legislators’ Retirement System is killed in the course of legislative service on or after July 1, 2013, and does not have at the time of his or her dea…

NRS 218C.590 Effect on benefits if member is elected or appointed to certain offices after retirement. 1. A person receiving a retirement allowance under this chapter who is elected or appointed to the Legislature may not receive a retirement allowance during the period in which …

NRS 218C.700 Forfeiture for commission of certain crimes; return of contributions to member; applicability. 1. Except as otherwise provided in subsections 2 and 3, a Legislator who is a member of the Legislators’ Retirement System who is convicted of or pleads guilty or nolo cont…