Title 23

NRS 286.638 Disability retirement allowance: Reporting to Internal Revenue Service. The System shall, to the extent allowed by federal law, report to the Internal Revenue Service of the United States Department of the Treasury a disability retirement allowance that is paid to a m…

NRS 286.640 Disability retirement allowance: Cancellation. 1. When the recipient of a disability retirement allowance is determined by the Board to be no longer disabled, the allowance must be cancelled. 2. An employee retired on account of disability whose benefit is cancelled m…

NRS 286.650 Disability retirement allowance: Consequences of employment of recipient. 1. Except as otherwise provided in subsection 2, whenever a recipient of a disability retirement allowance returns to employment with a participating public employer, the allowance must be disco…

NRS 286.655 Payments for rehabilitation in lieu of disability retirement allowance. The Board may make direct payments to a public employer for the rehabilitation of a member eligible to receive a disability retirement allowance. These payments, up to but not exceeding the disabi…

NRS 286.660 Death of certain member before retirement: Disposition of money to member’s credit in Public Employees’ Retirement Fund. 1. If a person who is a member of the System and has less than 2 years of accredited contributing service or has more than 2 years of accredited se…

NRS 286.665 Death of member, retired employee or beneficiary: Transfer of contributions to retirement fund under certain circumstances; procedure for claiming transferred money. 1. Any contributions remaining in a member’s, retired employee’s or beneficiary’s individual account m…

NRS 286.667 Allowance for retired police officer or firefighter: Benefits for spouse upon death; credit for certain other service prohibited; costs of benefit paid by employee. 1. A retired employee whose service or disability retirement allowance is payable from the Police and F…

NRS 286.668 Forfeiture of rights and benefits under System for conviction of certain felonies; return of contributions upon conviction. 1. Except as otherwise provided in subsections 2 and 3, a member who is convicted of or pleads guilty or nolo contendere to any felony involving…

NRS 286.669 Person convicted of murder or voluntary manslaughter of member ineligible to receive benefits. Any person convicted of the murder or voluntary manslaughter of a member of the System is ineligible to receive any benefit conferred by any provision of this chapter by rea…

NRS 286.670 Right to benefits not subject to taxes, process, bankruptcy, assignment or assessment for impairment or insolvency of insurance company; exceptions. 1. Except as otherwise provided in NRS 31A.150 and 286.6703 and as limited by subsection 2, the right of a person to a …

NRS 286.6703 Payment of allowance or benefit to alternate payee pursuant to domestic relations order. 1. A person may submit a judgment, decree or order of a district court, the Court of Appeals or the Supreme Court of the State of Nevada relating to child support, alimony or the…

NRS 286.6705 Transfer of unpaid check for benefits or refund to retirement fund; claim for payment of money; period of limitation. 1. Any check for benefits or a refund which has not been paid within 5 years after being transferred to the account for unclaimed benefits or refunds…

NRS 286.671 Definitions. As used in NRS 286.671 to 286.679, inclusive: 1. “Child” means an unmarried person under 18 years of age who is the issue or legally adopted child of a deceased member. As used in this subsection, “issue” means the progeny or biological offspring of the d…

NRS 286.672 Eligibility. 1. Except as otherwise provided in subsection 3 and NRS 286.67665 and 286.67695, if a deceased member had 2 years of accredited contributing service in the 2 1/2 years immediately preceding the member’s death or was a regular, part-time employee who had 2…

NRS 286.673 Payments to child of deceased member. 1. Except as limited by NRS 286.6775, each child of a deceased member is entitled to receive a cumulative benefit of at least $400 per month, beginning on the first day of the month following the member’s death. 2. Payments to any…

NRS 286.674 Payments to spouse of deceased member. 1. The spouse of a deceased member is entitled to receive a cumulative benefit of at least $450 per month. The payments must begin on the first day of the month immediately following the death of the member and must cease on the …

NRS 286.676 Payments to spouse of deceased member who had 10 or more years of accredited contributing service. 1. Except as limited by subsections 3 and 4, the spouse of a deceased member who had 10 or more years of accredited contributing service is entitled to receive a monthly…

NRS 286.6765 Payments to spouse if deceased member was eligible to retire. 1. Except as limited by subsection 2, the spouse of a deceased member who was fully eligible to retire, both as to service and age, is entitled to receive a monthly allowance equivalent to that provided by…

NRS 286.6766 Payment in lump sum to spouse; exception. Any spouse eligible for payments under the provisions of NRS 286.674 or 286.676 may elect to waive payment of a monthly allowance and to receive instead in a lump sum a refund of all contributions to the Public Employees’ Ret…

NRS 286.67665 Payments to spouse of member killed in line of duty or course of employment on or after July 1, 2013. 1. The spouse of a member who is a police officer or firefighter killed in the line of duty on or after July 1, 2013, or the spouse of any other member killed in th…

NRS 286.6767 Designation of survivor beneficiary and additional payees by member. 1. A member may designate, in writing, a survivor beneficiary and one or more additional payees to receive the payments provided pursuant to NRS 286.67675, 286.6768 or 286.67685 if the member is unm…

NRS 286.67675 Payments to survivor beneficiary of and to additional payees designated by deceased member. 1. Except as otherwise provided in this subsection, the survivor beneficiary of a deceased member is entitled to receive a cumulative benefit of at least $450 per month. If a…

NRS 286.6768 Payments to survivor beneficiary of and to additional payees designated by deceased member who had 10 or more years of accredited contributing service. 1. Except as otherwise provided in subsection 2 and as limited by subsection 4, the survivor beneficiary of a decea…

NRS 286.67685 Payment to survivor beneficiary of and to additional payees designated by deceased member if deceased member was eligible to retire. 1. Except as otherwise provided in subsection 2 and as limited by subsection 3, the survivor beneficiary of a deceased member who was…

NRS 286.6769 Payment in lump sum to survivor beneficiary of and to additional payees designated by member; exception. 1. Except as otherwise provided in subsection 2, any survivor beneficiary eligible for payments pursuant to the provisions of NRS 286.67675 or 286.6768 may elect …

NRS 286.67695 Payments to survivor beneficiary of member killed in line of duty or course of employment on or after July 1, 2013. 1. Except as otherwise provided in subsection 2, the survivor beneficiary of a member who is a police officer or firefighter killed in the line of dut…

NRS 286.677 Payment to dependent parents; conditions. If payments or refunds are not made pursuant to the provisions of NRS 286.673, 286.674, 286.676, 286.67675 or 286.6768, the dependent parent of a deceased member is entitled to receive a cumulative benefit of at least $400 per…

NRS 286.6775 Limitation on and reduction of amount of monthly allowance. The amount of each monthly allowance paid since May 19, 1977, as specified in NRS 286.673 to 286.677, inclusive, shall not exceed the deceased member’s average compensation and shall be reduced by the amount…

NRS 286.679 Disposition of surplus of contributions if payments to beneficiary cease. 1. If payments to a beneficiary pursuant to NRS 286.671 to 286.679, inclusive, cease before the total contributions of a deceased member have been paid in benefits, and there is no person entitl…

NRS 286.6793 Time of vesting; vesting of benefits upon termination of System. 1. The retirement allowance for a member who: (a) Ceased being an active member before July 1, 1989, vested on the date that the employee completed 10 years of accredited contributing service; and (b) I…

NRS 286.680 Investment by Board of money in funds; qualifications and employment of investment counsel; employment of other services; liability for investment decisions. 1. In addition to the provisions of chapter 355 of NRS, the Board may invest and reinvest the money in its fun…

NRS 286.682 Authorized investments: “Prudent person” standard. The Board may invest the money in its funds in every kind of investment which persons of prudence, discretion and intelligence acquire or retain for their own account. (Added to NRS by 1973, 850; A 1975, 1062; 1997, 1…

NRS 286.701 Definitions. As used in NRS 286.701 to 286.725, inclusive, unless the context otherwise requires, the words and terms defined in NRS 286.703 to 286.719, inclusive, have the meanings ascribed to them in those sections. (Added to NRS by 2009, 2776)

NRS 286.703 “Active business operations” defined. “Active business operations” means all business operations that are not inactive business operations. (Added to NRS by 2009, 2776)

NRS 286.705 “Business operations” defined. “Business operations” means investing, with actual knowledge on or after August 5, 1996, in Iran’s petroleum sector, which investment directly and significantly contributes to the enhancement of Iran’s ability to develop the petroleum re…

NRS 286.707 “Company” defined. “Company” means any foreign sole proprietorship, organization, association, corporation, partnership, joint venture, limited partnership, limited-liability partnership, limited-liability company, or any other foreign entity or business association, …

NRS 286.709 “Direct holdings” defined. “Direct holdings” means all publicly traded equity securities of a company that are held directly by the public fund or in an account or fund in which the public fund owns all shares or interests. (Added to NRS by 2009, 2776)

NRS 286.711 “Inactive business operations” defined. “Inactive business operations” means the continued holding or renewal of rights to property previously operated for the purpose of generating revenues but not presently deployed for that purpose. (Added to NRS by 2009, 2776)

NRS 286.713 “Iran” defined. “Iran” means the Islamic Republic of Iran. (Added to NRS by 2009, 2776)

NRS 286.715 “Petroleum resources” defined. “Petroleum resources” means petroleum or natural gas. (Added to NRS by 2009, 2776)

NRS 286.717 “Scrutinized business operations” defined. “Scrutinized business operations” means any active business operations that: 1. Are subject to or liable for sanctions under the Iran Sanctions Act of 1996, Public Law 104-172, as amended; and 2. Involve the maintenance of: (…

NRS 286.719 “Scrutinized company” defined. “Scrutinized company” means any company engaging in scrutinized business operations. (Added to NRS by 2009, 2777)

NRS 286.721 Board to identify, review and create list of investments in scrutinized companies. 1. Except as otherwise provided in NRS 286.725, the Board shall identify those scrutinized companies in which the System has direct holdings. In making the determination, the Board shal…

NRS 286.723 Board to prepare report of investments in scrutinized companies. 1. Except as otherwise provided in NRS 286.725, the Board shall prepare an annual report of investments of money from the System in scrutinized companies as identified pursuant to NRS 286.721. The report…

NRS 286.725 Inapplicability to certain investments. The provisions of NRS 286.721 and 286.723 do not apply to: 1. Money invested in a defined contribution plan that is authorized by the Internal Revenue Code and administered by the Board; or 2. Investments in a company that is pr…

NRS 286.735 Definitions. As used in NRS 286.735 to 286.749, inclusive, unless the context otherwise requires, the words and terms defined in NRS 286.737 to 286.745, inclusive, have the meanings ascribed to them in those sections. (Added to NRS by 2017, 1613)