Title 23

NRS 286.410 Amount of contribution by members of System; deduction from payroll; return of contributions; members with disabilities. 1. The employee contribution rate must be: (a) The matching contribution rate for employees and employers that is actuarially determined for police…

NRS 286.421 Payment of contributions by employer on behalf of employee; average compensation; total rate of contribution. 1. A public employer that elected to pay on behalf of its employees the contributions required by subsection 1 of NRS 286.410 before July 1, 1983, shall conti…

NRS 286.425 Election by employee to have employer pay contributions. At any time after January 1, 1984, an employee who is paying the employee’s contribution on the employee’s own behalf may elect to have the employee’s portion of the contribution paid by the employee’s employer …

NRS 286.430 Withdrawal of contributions. 1. Except as otherwise provided in subsection 8 and NRS 286.300, a member may withdraw the employee contributions credited to the member’s individual account if: (a) The member has terminated service for which contribution is required; or …

NRS 286.435 Repayment upon retroactive reinstatement. Except as otherwise required as a result of NRS 286.537: 1. Any member whose employment is involuntarily terminated and who is thereafter reinstated retroactively to employment with a participating public employer by order of …

NRS 286.440 Redeposit of withdrawn contributions upon return to service: Procedure. 1. Whenever a member, who has previously withdrawn the amount credited to the member as provided in NRS 286.430, returns to the service of a public employer participating in the System and remains…

NRS 286.450 Rate of contributions by public employer. 1. The employer contribution rate must be: (a) The matching contribution rate for employees and employers that is actuarially determined for police officers and firefighters and for regular members, depending upon the retireme…

NRS 286.460 Remittance of contributions by public employers. 1. Each participating public employer which pays compensation to its officers or employees in whole or in part from money received from sources other than money appropriated from the State General Fund shall pay public …

NRS 286.462 Notification required concerning delinquent payment; submission; payment. If a public employer is delinquent by more than 90 days in paying an amount due pursuant to subsection 3 of NRS 286.460, the System shall submit a written notification of the delinquent amount t…

NRS 286.470 Credit for service as county commissioner, city council member or mayor: Calculation of average compensation; waiver of service; exception. 1. Except as otherwise required as a result of NRS 286.535 or 286.537, or as otherwise provided in subsection 3, average compens…

NRS 286.475 Credit for service as Legislator before July 1, 1967: Calculation of average compensation. The method of calculating the average compensation of a county commissioner or a council member of an incorporated city prescribed in subsection 1 of NRS 286.470 shall be used i…

NRS 286.477 Credit for part-time employment; loss of credit. 1. Except as otherwise required as a result of NRS 286.537, an employee may receive full service credit for part-time employment if: (a) The employee and the employer of the employee enter into an agreement covering the…

NRS 286.479 Service credit for military service in Persian Gulf Crisis. 1. A member who has 5 years or more of service credit is entitled to receive free service credit for military service for the period beginning on the date proclaimed by the President of the United States as t…

NRS 286.481 Service ineligible for credit. A member shall not be credited with service for: 1. Except as otherwise provided in NRS 286.385, leave of absence without pay; 2. Overtime work; 3. Employment in a position which does not qualify the member for participation in the Syste…

NRS 286.486 Service credited in another system ineligible; exception. Except as specifically otherwise provided in this chapter, a member shall not receive credit in the System for service that entitled such member to credit for retirement purposes in any other retirement system …

NRS 286.495 Computation of credit for service: Generally. Except as provided in NRS 286.470, 286.475 and 286.501, members shall be credited with service on the basis of days, months or years actually worked by a member, except that: 1. Intermittent service shall be credited to a …

NRS 286.501 Computation of credit for service: Employees of school districts and professional staff of Nevada System of Higher Education. Each member who is employed by a school district for less than 12 months per school year and each member of the professional staff of the Neva…

NRS 286.505 Conversion of credit for service; time for crediting service. 1. For the purpose of maintaining the individual accounts of members, the Board may convert service credit from increments of days, months and years to hundredths of a year. 2. A member shall not be credite…

NRS 286.510 Eligibility: Age and service of police officers, firefighters and other employees; reduction of benefit for retirement before required age. 1. Except as otherwise provided in subsections 2 and 3, a member of the System: (a) Who has an effective date of membership befo…

NRS 286.520 Employment of retired employee: Consequences; notice; exemptions. 1. Except as otherwise provided in this section and NRS 286.525, the consequences of the employment of a retired employee are: (a) A retired employee who accepts employment or an independent contract wi…

NRS 286.523 Employment of retired employee: Exception for reemployment of certain retired employees to fill positions for which critical labor shortage exists; determination and designation of such positions; limitation on length of designation of position. 1. It is the policy of…

NRS 286.525 Employment of retired employee: Enrollment in System; rights of membership; accrual of credit for service; benefits for survivor. 1. A retired employee who accepts employment in a position eligible for membership may enroll in the System as of the effective date of th…

NRS 286.533 Limitation on distributions to members of System. Notwithstanding any other provision of law, every distribution to a member must be made pursuant to the provisions of section 401(a)(9) of the Internal Revenue Code, 26 U.S.C. § 401(a)(9), that apply to governmental pl…

NRS 286.534 Actuarial assumptions used in computing benefits: Availability; changes prohibited. 1. The Board shall not change the actuarial assumptions used in computing the benefits provided to a member. 2. The Board shall make available to every member upon request the actuaria…

NRS 286.535 Limitation on compensation used to determine retirement benefit. Notwithstanding any other provision of law, the amount of compensation used to determine the retirement benefit of a member of the System must not exceed: 1. For persons who first became members of the S…

NRS 286.537 Limitations on benefits and contributions. 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 this chapter, the benefits payable to and the contributions …

NRS 286.538 Minimum benefits payable to employee who became member of System before January 1, 1990. The benefits payable to an employee whose effective date of membership is before January 1, 1990, must not be less than the employee’s accrued benefits determined without regard t…

NRS 286.539 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 System as provided by section 401(a)(8) of the Internal Revenue Code, 26…

NRS 286.541 Application for service retirement allowance or disability retirement allowance; effective date of retirement; rights of present or former spouse; System exempted from liability for false designation of marital status by member or retired member. 1. Applications for s…

NRS 286.545 Consent of spouse to retirement plan of member. 1. If the spouse of the member does not consent to the retirement plan chosen by the member before the date on which the retirement becomes effective pursuant to NRS 286.541 the System shall: (a) Notify the spouse that t…

NRS 286.551 Determination of monthly service retirement allowance. Except as otherwise required as a result of NRS 286.535 or 286.537: 1. Except as otherwise provided in subsection 2: (a) For a member who has an effective date of membership before January 1, 2010, a monthly servi…

NRS 286.555 Refund of portion of contributions to certain persons who became members on or after January 1, 2010. 1. A person who becomes a member of the System on or after January 1, 2010, and whose monthly service retirement allowance is determined using an average compensation…

NRS 286.571 Postretirement increases: Calculation of increase for persons who became members on or after January 1, 2010, and before July 1, 2015. 1. Except as otherwise provided in subsection 2, for a person who retires and who has an effective date of membership on or after Jan…

NRS 286.574 Postretirement increases: Calculation of increase for persons who became members on or after July 1, 2015. 1. For a person who retires and who has an effective date of membership on or after July 1, 2015, allowances or benefits must be increased once each year on the …

NRS 286.575 Postretirement increases: Payment; effect on monthly benefit. 1. Except as otherwise required as a result of NRS 286.537, a postretirement allowance must be paid from the Public Employees’ Retirement Fund or the Police and Firefighters’ Retirement Fund to each member …

NRS 286.5756 Postretirement increases: Persons receiving benefits before September 1, 1983, or for 3 years before increase. 1. Except as otherwise provided in NRS 286.571 and 286.574, a person is entitled to the increase provided in this section if the person began receiving an a…

NRS 286.5765 Postretirement increases: Persons retired before July 1, 1963; persons retired before September 1, 1975, with 20 years’ credit for service; persons retired before July 1, 1989, with 20 years’ credit for service; separate account. 1. The System shall provide an increa…

NRS 286.577 Postretirement increases: Persons receiving allowance before July 1, 1975; persons with benefits commencing in 1975. 1. The System shall pay a postretirement allowance from the appropriate retirement fund to each member receiving a disability retirement allowance or s…

NRS 286.5775 Postretirement increases: Increases based on years allowance received; beneficiaries of deceased employees; limitations. 1. In addition to the other postretirement allowances and increases provided by law, if adequate money is available which has been designated for …

NRS 286.578 Postretirement increases: Increases payable July 1, 1979, and July 1, 1980. 1. In addition to other postretirement allowances or benefits provided by law, and subject to the limitation provided in subsection 3, the Public Employees’ Retirement System shall provide a p…

NRS 286.5785 Postretirement increases: Increases payable July 1, 1981, and July 1, 1982. 1. On July 1, 1981, and July 1, 1982, the System shall provide a cost-of-living increase to each retired employee or beneficiary. The increase must be based on the number of years the person …

NRS 286.579 Postretirement increases: Increase for persons receiving benefits before January 1, 1977. 1. In addition to the other postretirement allowances and increases provided by law, the System shall provide a monthly postretirement increase to each person who began receiving…

NRS 286.590 Alternatives to unmodified service retirement allowance. The alternatives to an unmodified service retirement allowance are as follows: 1. Option 2 consists of a reduced service retirement allowance payable monthly during the retired employee’s life, with the provisio…

NRS 286.592 Optional plans: Death of beneficiary; change of selection; effective date of termination or adjustment of allowance. 1. If a member enters retirement status under one of the optional plans described in NRS 286.590 and the designated beneficiary predeceases the retired…

NRS 286.612 Charges for deferred protection: Termination; adjustments of allowances or benefits. 1. Charges for deferred protection must not be made on or after July 1, 1995, against the: (a) Allowance payable to a beneficiary pursuant to NRS 286.600 or 286.610, as those sections…

NRS 286.615 Optional deduction from benefits for payments for group insurance, plan of benefits or medical and hospital service or other obligations; regulations; exemption of Executive Officer, Board and System from liability for errors or omissions. 1. In addition to the option…