Title 23

NRS 286.020 “Board” defined. “Board” means the Public Employees’ Retirement Board. [Part 4:181:1947; A 1949, 174; 1955, 23]—(NRS A 1975, 1029)

NRS 286.025 “Compensation” defined. 1. Except as otherwise provided by specific statute, “compensation” is the salary paid to a member by the member’s principal public employer. 2. The term includes: (a) Base pay, which is the monthly rate of pay excluding all fringe benefits. (b…

NRS 286.031 “Disability retirement allowance” defined. “Disability retirement allowance” means monthly payments from the Public Employees’ Retirement Fund or the Police and Firefighters’ Retirement Fund paid to retired employees with disabilities. (Added to NRS by 1975, 1028; A 1…

NRS 286.040 “Employee” defined. 1. “Employee” means: (a) A public officer of the State of Nevada or its political subdivisions. (b) Any person employed by a public employer whose compensation is provided by the public employer and who is under the direction or control of officers…

NRS 286.042 “Firefighter” defined. “Firefighter” means a member who is: 1. Filling a full-time position with a participating public employer, the principal duties of which require emotional stability and physical capacity in protecting the public and controlling and extinguishing…

NRS 286.045 “Independent contractor” defined. “Independent contractor” means any person who renders specified services for a stipulated fee who is not under the control of a public employer, except as regards the result of the person’s work, and who does not receive employment be…

NRS 286.050 “Member” defined. “Member” means a person: 1. Who is employed by a participating public employer and who is contributing to the System; or 2. Who has previously been in the employ of a participating public employer and who has contributed to the System but who subsequ…

NRS 286.061 “Police officer” defined. “Police officer” means a member who is: 1. Filling a full-time position with a participating public employer, the principal duties of which require emotional stability and physical capacity in protecting the public and enforcing the laws of t…

NRS 286.065 “Postretirement increase” defined. “Postretirement increase” means the monthly cost-of-living increase added to the monthly payments of: 1. Persons receiving disability retirement allowances or service retirement allowances; 2. Beneficiaries of deceased members receiv…

NRS 286.070 “Public employer” defined. 1. “Public employer” means the State, one of its agencies or one of its political subdivisions, the System, irrigation districts created under the laws of the State of Nevada, a public or quasi-public organization or agency that is funded, a…

NRS 286.078 “Service” defined. “Service” means all creditable employment which is validated under the provisions of this chapter and can be used in determining eligibility and scope of benefits for members. (Added to NRS by 1975, 1029)

NRS 286.080 “Service retirement allowance” defined. “Service retirement allowance” means monthly payments from the Public Employees’ Retirement Fund or the Police and Firefighters’ Retirement Fund paid to a retired employee for the remainder of the retired employee’s life. [Part …

NRS 286.100 “System” defined. “System” means the Public Employees’ Retirement System established by this chapter. [Part 2:181:1947; A 1949, 174; 1951, 269; 1951, 324]—(NRS A 1975, 1030)

NRS 286.110 Public Employees’ Retirement System: Establishment; review of System; use of state services; public inspection of certain records; liability of public employers. 1. A system of retirement providing benefits for the retirement, disability or death of employees of publi…

NRS 286.117 Limitations on review and copying of certain records; waiver. Except as otherwise provided in NRS 286.118, all records and files maintained for a member, retired employee or beneficiary may be reviewed and copied only by the System, the member, the member’s public emp…

NRS 286.118 Certain information deemed to be confidential; certain information deemed to be public records; limitations on disclosure of confidential information. 1. Except as otherwise provided in this section, all information about a current or former member of a public retirem…

NRS 286.120 System governed by Public Employees’ Retirement Board: Name; number of members; duties of Governor; removal of members. 1. The governing authority of the System shall be a board of seven persons appointed by the Governor. 2. The name of the board shall be the Public E…

NRS 286.130 Qualifications of members of Board; terms. 1. Three members of the Board must be persons who: (a) Have had at least 10 years of service as employees of the State of Nevada or its political subdivisions; (b) Are not elected officers of the State of Nevada or its politi…

NRS 286.150 Monthly meetings of Board; certain closed meetings; designation and term of Chair. 1. The Board shall meet at least once a month. 2. Meetings of the Retirement Board with investment counsel which are limited to the planning of future investments or the establishment o…

NRS 286.160 Persons employed by Board: Appointment; salaries; qualifications; other employment of Executive Officer prohibited; exceptions. 1. The Board shall employ an Executive Officer who serves at the pleasure of the Board. The Executive Officer shall select a General Counsel…

NRS 286.170 Administration of System; compensation and removal of employees. 1. Subject to the limitations of this chapter and the budget prescribed by the Board, the System must be administered by the Executive Officer, Chief Investment Officer and Operations Officer and a staff…

NRS 286.180 Compensation and expenses of members of Board. 1. Members of the Board are entitled to receive a fee of $80 per day for: (a) Attendance at meetings of the Board; (b) Any official function directly related to the System which is approved by the Board; or (c) Necessary …

NRS 286.190 General powers and duties of Board. The Board: 1. Has the powers and privileges of a body corporate and, subject to the limitations of this chapter, is responsible for managing the System. 2. Shall: (a) Arrange for a biennial actuarial valuation and report of the actu…

NRS 286.200 Rules and regulations of Board: Procedure for adoption; conditions. 1. Subject to the limitations of this chapter, the Board shall, from time to time, establish rules and regulations for transacting its business and for administering the System as a public agency. The…

NRS 286.211 Duties of Board: Police and Firefighters’ Retirement Fund. 1. The Board shall, with the advice of the Interim Retirement and Benefits Committee of the Legislature created pursuant to NRS 218E.420: (a) Adopt regulations for the evaluation of requests for enrollment und…

NRS 286.215 Duties of Board: Calculation and determination of contributions, benefits and service credit related to qualified military service. Notwithstanding any other provision of this chapter, the Board shall provide for the calculation and determination of contributions, ben…

NRS 286.220 Public Employees’ Retirement Fund. 1. The Board shall establish a fund known as the Public Employees’ Retirement Fund. 2. It is hereby declared to be the policy of the Legislature that the Public Employees’ Retirement Fund is a trust fund established to afford a degre…

NRS 286.225 Police and Firefighters’ Retirement Fund. 1. The Board shall establish a separate retirement fund known as the Police and Firefighters’ Retirement Fund. 2. All refunds, disability retirement allowances, benefits for survivors, and service retirement allowances paid to…

NRS 286.227 Police and Firefighters’ Retirement Fund Advisory Committee. 1. There is hereby created a Police and Firefighters’ Retirement Fund Advisory Committee. The Board shall determine the number of its members and appoint the members. 2. The term of each member is 4 years. 3…

NRS 286.230 Public Employees’ Retirement Administrative Fund. 1. The Board shall establish a fund known as the Public Employees’ Retirement Administrative Fund in which must be deposited all administrative fees. 2. The Board shall fix an administrative fee per capita sufficient t…

NRS 286.241 Fund to pay accrued benefits that are not payable because of certain limitations; benefits paid from employer contributions. 1. The Board may establish a fund to pay the accrued benefits of a member that are not payable because of the limitations set forth in NRS 286.…

NRS 286.260 Individual accounts of members; liability of Board upon return of contributions. 1. The Board shall provide for an individual account for each member of the System. Each account must show the amount of the member’s contributions to the Public Employees’ Retirement Fun…

NRS 286.265 Notice to Public Employees’ Benefits Program regarding certain changes in payment status of benefit recipients. The System shall provide to the Public Employees’ Benefits Program written notice regarding a change in the payment status of a recipient of benefits provid…

NRS 286.282 Chief of Budget Division to advise Governor concerning review of System’s policies and performance. The Chief of the Budget Division of the Office of Finance shall advise the Governor in the discharge of the responsibility for reviewing the System’s administrative pol…

NRS 286.287 Board to consider investments: Meetings; duties. The Board shall meet at least monthly to consider investments. At each of its meetings it shall: 1. Review, and if appropriate direct changes in, the investment portfolio of the System. 2. Recommend any appropriate chan…

NRS 286.288 Liaison officer between System and members or employers; responsibility of System for inaccurate or misleading information. Each participating public employer or group of such employers shall select an employee as liaison officer to certify records and coordinate matt…

NRS 286.290 Conditions for membership in System. 1. No person may become a member of the System unless the person is in the service of a public employer. 2. Except as otherwise provided in this chapter, all public employers shall participate in the System and their employees shal…

NRS 286.293 Persons required to participate in System. 1. The following employees of public employers shall participate in the System: (a) Those employed on or after July 1, 1977, in positions considered to be half-time or more according to the full-time work schedule established…

NRS 286.297 Persons excluded from membership in System. The following persons are not eligible to become members of the System: 1. Inmates of state institutions even though they may be receiving compensation for services performed for the institution. 2. Independent contractors o…

NRS 286.300 Purchase of credit for service: Requirements; sources; refund of contributions; defaults. Except as otherwise required as a result of NRS 286.537: 1. Any member of the System may, except as otherwise provided in subsection 5, purchase all previous creditable service p…

NRS 286.3005 Purchase of credit for service: Public employer may purchase credit for member. A state agency may purchase credit for service on behalf of a member only as provided in NRS 286.3007. Except as otherwise required as a result of NRS 286.537, any other public employer m…

NRS 286.3007 Purchase by state agency of credit for service: Conditions. Except as otherwise required as a result of NRS 286.537: 1. A state agency may enter into an agreement to pay the cost of purchasing credit for service pursuant to NRS 286.300 on behalf of a member if: (a) T…

NRS 286.301 Credit for free prior service. A member who met all requirements for free prior service but who did not have 10 years of service credit as of July 1, 1975, is entitled to credit for free prior service as soon as the member acquires the necessary 10 years of service cr…

NRS 286.303 Free credit for military service. A member who met all requirements for free military credit as of May 19, 1975, but who did not have 5 years of consecutive service credit after the member’s return from the Armed Forces, is entitled to free credit for military service…

NRS 286.365 Eligibility of civilian employees of Nevada National Guard for membership in System. 1. Notwithstanding the provisions of any other section of this chapter, the Nevada National Guard shall be deemed an employing agency of the State of Nevada for the purpose of members…

NRS 286.367 Eligibility of volunteer firefighters for membership in System: Contributions; average compensation; purchase of credit for service as volunteer firefighter and for certain military service. 1. The volunteers of a regularly organized and recognized fire department may…