Title 23

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…

NRS 286.370 Procedure for integration of previously established retirement systems. 1. Employees whose membership in a previously established retirement system excludes them from membership in the System established by this chapter may apply to the Board in writing for the former…

NRS 286.385 Public employee on leave of absence to serve in Nevada Legislature may remain member of System. Except as otherwise required as a result of NRS 286.535 or 286.537: 1. A public employee on a leave of absence to serve in the Nevada Legislature may remain a contributing …

NRS 286.391 Public employee on leave to work for employee or employer association may remain member of System; purchase of credit for service. 1. A public employee on leave to work for a recognized employee or employer association may remain a member of the System if retirement c…

NRS 286.401 Termination of membership; rights of retired employee. Membership of an employee in the System terminates upon: 1. The death of a member. 2. The withdrawal of contributions from a member’s account. 3. Receipt of retirement allowances by a member. 4. Receipt of disabil…

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…