Title 23

NRS 287.050 Declaration of legislative policy. In order to extend to employees of the State and its political subdivisions, and to the dependents and survivors of such employees, the basic protection accorded to others by the Old-Age and Survivors Insurance System embodied in the…

NRS 287.060 “Employee” defined. For the purposes of NRS 287.050 to 287.240, inclusive, “employee” includes an officer of a state or political subdivision thereof. [Part 2:420:1955]

NRS 287.070 “Employee tax” defined. For the purposes of NRS 287.050 to 287.240, inclusive, “employee tax” means the tax imposed by section 1400 of the Internal Revenue Code of 1939 and section 3101 of the Internal Revenue Code of 1954. [Part 2:420:1955]

NRS 287.080 “Employment” defined. 1. For the purposes of NRS 287.050 to 287.240, inclusive, “employment” means any service performed by an employee in the employ of the State or any political subdivision thereof for such employer, except: (a) Service which in the absence of an ag…

NRS 287.090 “Federal Insurance Contributions Act” defined. For the purposes of NRS 287.050 to 287.240, inclusive, “Federal Insurance Contributions Act” means subchapter A of chapter 9 of the Internal Revenue Code of 1939 and subchapters A and B of chapter 21 of the Internal Reven…

NRS 287.100 “Political subdivision” defined. For the purposes of NRS 287.050 to 287.240, inclusive, “political subdivision” includes an instrumentality of a state, of one or more of its political subdivisions, or of this State and one or more of its political subdivisions, but on…

NRS 287.110 “Secretary” defined. For the purposes of NRS 287.050 to 287.240, inclusive, “Secretary” means the Secretary of Health and Human Services and includes: 1. Any person to whom the Secretary has delegated any of the Secretary’s functions under the Social Security Act with…

NRS 287.120 “Social Security Act” defined. For the purposes of NRS 287.050 to 287.240, inclusive, “Social Security Act” means the Act of Congress approved August 14, 1935, chapter 531, 49 Stat. 620, officially cited as the “Social Security Act” (including regulations and requirem…

NRS 287.130 “State agency” defined. For the purposes of NRS 287.050 to 287.240, inclusive, “state agency” means the Employment Security Division of the Department of Employment, Training and Rehabilitation or such other agency as the Governor may appoint to administer NRS 287.050…

NRS 287.140 “Wages” defined. For the purposes of NRS 287.050 to 287.240, inclusive, “wages” means all remuneration for employment as defined in NRS 287.080, including the cash value of all remuneration paid in any medium other than cash, except that the term shall not include tha…

NRS 287.150 Federal-state agreement: Provisions. The state agency is hereby authorized on behalf of the State to maintain in full force and effect the agreement and modifications thereof entered into between the State and the Federal Security Administrator on and after November 2…

NRS 287.160 Interstate instrumentality: Powers. 1. Any instrumentality jointly created by this state and any other state or states is authorized, upon the granting of like authority by such other state or states: (a) To enter into an agreement with the Secretary whereby the benef…

NRS 287.170 Contributions by state employees. 1. Every employee of the State whose services are covered by an agreement entered into under NRS 287.150 shall be required to pay for the period of such coverage, into the Social Security Revolving Fund established by NRS 287.200, con…

NRS 287.180 Plans for coverage of employees of political subdivisions. 1. Each political subdivision of the State is authorized to submit for approval by the state agency a plan for extending the benefits of Title II of the Social Security Act, in conformity with applicable provi…

NRS 287.190 Exclusion of service of employee eligible for participation in Public Employees’ Retirement System; exception. 1. Except as provided in subsection 2, service of employees of the State of Nevada or of any political subdivision thereof who are eligible to participate in…

NRS 287.200 Social Security Revolving Fund: Creation; sources; administration; disbursements; duties of State Treasurer. 1. There is hereby established a special fund to be known as the Social Security Revolving Fund. Such Fund shall consist of, and there shall be deposited in su…

NRS 287.210 Social Security Administration Fund: Creation; sources; disbursements. 1. There is hereby established a special fund to be known as the Social Security Administration Fund. The Fund consists of and there must be deposited in the Fund: (a) All payments made by particip…

NRS 287.220 Regulations of state agency. The state agency shall adopt such regulations, not inconsistent with the provisions of NRS 287.050 to 287.240, inclusive, as it finds necessary or appropriate to the efficient administration of the functions with which it is charged under …

NRS 287.230 Studies of state agency. The state agency shall make studies concerning the problem of Old-Age and Survivors Insurance protection for employees of the State and local governments and their instrumentalities and concerning the operation of agreements made and plans app…

NRS 287.240 Repeal of chapter 103, Statutes of Nevada 1953; liabilities, obligations and agreements to continue. Chapter 103, Statutes of Nevada 1953, is repealed, but all liabilities and obligations created by chapter 103, Statutes of Nevada 1953, or by any agreements entered in…

NRS 287.245 Employer may agree with employee to reduce taxable compensation; federal requirements prerequisite for operation of program; powers of Board of the Public Employees’ Benefits Program. 1. The State may agree with any of its employees, and the Board of Regents of the Un…

NRS 287.250 Definitions. As used in NRS 287.250 to 287.370, inclusive, unless the context otherwise requires, the words and terms defined in NRS 287.260 to 287.310, inclusive, have the meanings ascribed to them in those sections. (Added to NRS by 1977, 893; A 1995, 1868; 1999, 33…

NRS 287.260 “Committee” defined. “Committee” means the Committee to Administer the Public Employees’ Deferred Compensation Program. (Added to NRS by 1977, 894; A 2017, 1601)

NRS 287.270 “Deferred compensation” defined. “Deferred compensation” means income which a state employee or employee of the Nevada System of Higher Education may legally set aside under the Program, which may consist of one or more plans authorized by 26 U.S.C. § 401(a), 401(k), …

NRS 287.275 “Executive Officer” defined. “Executive Officer” means the Executive Officer of the Public Employees’ Deferred Compensation Program appointed by the Director of the Department of Administration pursuant to NRS 232.215. (Added to NRS by 2017, 1597)

NRS 287.300 “Investment” defined. “Investment” means a savings account, certificate of deposit, fixed or variable annuity contract, life insurance contract, mutual fund or other investment which the Committee has approved for the Program. (Added to NRS by 1977, 894)

NRS 287.310 “Program” defined. “Program” means the Public Employees’ Deferred Compensation Program authorized by NRS 287.250 to 287.370, inclusive. (Added to NRS by 1977, 894; A 2017, 1601)

NRS 287.320 Employer may agree with employee to defer compensation; investment of withheld money; deferred compensation and related property, rights and income held in trust. 1. The State may agree with any of its employees, and the Board of Regents of the University of Nevada ma…

NRS 287.325 Committee to Administer Public Employees’ Deferred Compensation Program: Appointment, terms and compensation of members; vacancies. 1. The Governor shall appoint the Committee to Administer the Public Employees’ Deferred Compensation Program. The Committee must consis…

NRS 287.330 Committee to Administer Public Employees’ Deferred Compensation Program: Duties; powers; exemption from liability for certain decisions relating to investments; delegation of administrative duties; standards for exercising delegated duties. 1. The Committee shall: (a)…

NRS 287.335 Interest and income earned on money in deferred compensation account. The interest and income earned on the money in the deferred compensation account created pursuant to subsection 2 of NRS 287.330 in the State General Fund, after deducting any applicable charges, mu…

NRS 287.337 Employment of staff or consultants by Executive Officer. The Executive Officer may, within the limits of money available for this purpose, employ or enter into a contract for the services of such employees or consultants as is necessary for the performance of the duti…

NRS 287.338 Procedure for awarding contracts to vendors. 1. The Program is subject to the provisions of chapter 333 of NRS. 2. The Committee shall act as the chief of the using agency for the purposes of NRS 333.335. 3. If a committee to evaluate proposals for a contract of the P…

NRS 287.340 Deferrals of compensation: Deductions from payroll; limitation on amount deferred. 1. Deferrals of compensation may be withheld as deductions from the payroll in accordance with the agreement between the employer and a participating employee. 2. The amount of deferred…

NRS 287.350 Federal requirements prerequisite for operation of plan; taxation of deferred income by State or political subdivision. 1. No plan in the Program becomes effective and no deferral may be made until the plan meets the requirements of 26 U.S.C. § 401(a), 401(k), 403(b),…

NRS 287.360 Program additional to other retirement, pension and benefit systems. The Program must be established in addition to other retirement, pension and benefit systems established by the State or the Nevada System of Higher Education, and does not supersede, make inoperativ…

NRS 287.365 Use of money withdrawn or appropriated from Program; deposit of certain money withdrawn from Program in deferred compensation account. 1. No money may be withdrawn or appropriated from the Program, except: (a) For payment to a participant or beneficiary of a participa…

NRS 287.370 Use of appropriated money in administration of Program. No appropriated money of the State may be spent in connection with the administration of the Program except as compensation for employees who participated in the administration as part of their regular duties, in…

NRS 287.381 Definitions. As used in NRS 287.381 to 287.480, inclusive, unless the context otherwise requires, the words and terms defined in NRS 287.391, 287.401 and 287.411 have the meanings ascribed to them in those sections. (Added to NRS by 1979, 799)

NRS 287.391 “Committee” defined. “Committee” means the committee established to administer the program. (Added to NRS by 1979, 799)

NRS 287.401 “Deferred compensation” defined. “Deferred compensation” means income which an employee of a political subdivision may legally set aside under the program, which may consist of one or more plans authorized by 26 U.S.C. § 401(a), 401(k) or 457 and which income, while i…

NRS 287.411 “Program” defined. “Program” means the deferred compensation program for employees of political subdivisions authorized by NRS 287.381 to 287.480, inclusive. (Added to NRS by 1979, 799)

NRS 287.420 Employer may agree with employee to defer compensation; investment of withheld money. 1. A political subdivision may agree with any of its employees to defer the compensation due to them in accordance with a program approved by the committee which may consist of one o…

NRS 287.430 Fund for administration of money and other assets; deferred compensation and related income, property and rights held in trust. 1. The governing body of a political subdivision may create an appropriate fund for administration of money and other assets resulting from …

NRS 287.440 Governing body may appoint committee to administer program; powers of committee. 1. The governing body of a political subdivision may appoint a committee to which it may delegate the responsibility for administering the program for its employees, including: (a) Collec…

NRS 287.450 Deferrals of compensation: Deductions from payroll; limitation on amount deferred. 1. Deferrals of compensation may be withheld as payroll deductions in accordance with the agreement between the political subdivision and a participating employee. 2. The amount of defe…