NRS287.450. Deferrals of compensation: Deductions from payroll; limitation on amount deferred.

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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 deferred compensation set aside by the political subdivision to a plan under the program during any calendar year may not exceed the amount authorized by 26 U.S.C. § 401(a) or 457, as applicable.

(Added to NRS by 1979, 800; A 2001, 1005)

                    
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