Nevada Revised Statutes (Last Updated: December 24, 2014) |
TITLE23 PUBLIC OFFICERS AND EMPLOYEES |
CHAPTER286. Public Employees’ Retirement |
GENERAL PROVISIONS |
NRS 286.010. Short title. |
NRS 286.015. Declaration of state policy; purpose of chapter. |
NRS 286.016. Definitions. |
NRS 286.017. “Actuarial computation” defined. |
NRS 286.020. “Board” defined. |
NRS 286.025. “Compensation” defined. |
NRS 286.031. “Disability retirement allowance” defined. |
NRS 286.040. “Employee” defined. |
NRS 286.042. “Firefighter” defined. |
NRS 286.045. “Independent contractor” defined. |
NRS 286.050. “Member” defined. |
NRS 286.061. “Police officer” defined. |
NRS 286.065. “Postretirement increase” defined. |
NRS 286.070. “Public employer” defined. |
NRS 286.078. “Service” defined. |
NRS 286.080. “Service retirement allowance” defined. |
NRS 286.100. “System” defined. |
NRS 286.110. Public Employees’ Retirement System: Establishment; review of System; use of state services; public inspection of records; liability of public employers. |
NRS 286.117. Limitations on review and copying of records; waiver. |
ADMINISTRATION |
NRS 286.120. System governed by Public Employees’ Retirement Board: Name; number of members; duties of Governor; removal of members. |
NRS 286.130. Qualifications of members of Board; terms. |
NRS 286.150. Monthly meetings of Board; certain closed meetings; designation and term of Chair. |
NRS 286.160. Persons employed by Board: Appointment; salaries; qualifications; other employment of Executive Officer prohibited; exceptions. |
NRS 286.170. Administration of System; compensation and removal of employees. |
NRS 286.180. Compensation and expenses of members of Board. |
NRS 286.190. General powers and duties of Board. |
NRS 286.200. Rules and regulations of Board: Procedure for adoption; conditions. |
NRS 286.211. Duties of Board: Police and Firefighters’ Retirement Fund. |
NRS 286.215. Duties of Board: Calculation and determination of contributions, benefits and service credit related to qualified military service. |
NRS 286.220. Public Employees’ Retirement Fund. |
NRS 286.225. Police and Firefighters’ Retirement Fund. |
NRS 286.227. Police and Firefighters’ Retirement Fund Advisory Committee. |
NRS 286.230. Public Employees’ Retirement Administrative Fund. |
NRS 286.241. Fund to pay accrued benefits that are not payable because of certain limitations; benefits paid from employer contributions. |
NRS 286.260. Individual accounts of members; liability of Board upon return of contributions. |
NRS 286.265. Notice to Public Employees’ Benefits Program regarding certain changes in payment status of benefit recipients. |
NRS 286.282. Chief of Budget Division to advise Governor concerning review of System’s policies and performance. |
NRS 286.287. Board to consider investments: Meetings; duties. |
NRS 286.288. Liaison officer between System and members or employers; responsibility of System for inaccurate or misleading information. |
MEMBERSHIP |
NRS 286.290. Conditions for membership in System. |
NRS 286.293. Persons required to participate in System. |
NRS 286.300. Purchase of credit for service: Requirements; sources; refund of contributions; defaults. |
NRS 286.3005. Purchase of credit for service: Public employer may purchase credit for member. |
NRS 286.3007. Purchase by state agency of credit for service: Conditions. |
NRS 286.301. Credit for free prior service. |
NRS 286.303. Free credit for military service. |
NRS 286.365. Eligibility of civilian employees of Nevada National Guard for membership in System. |
NRS 286.370. Procedure for integration of previously established retirement systems. |
NRS 286.385. Public employee on leave of absence to serve in Nevada Legislature may remain member of System. |
NRS 286.391. Public employee on leave to work for employee or employer association may remain member of System; purchase of credit for service. |
NRS 286.401. Termination of membership; rights of retired employee. |
CONTRIBUTIONS |
NRS 286.410. Amount of contribution by members of System; deduction from payroll; return of contributions; members with disabilities. |
NRS 286.425. Election by employee to have employer pay contributions. |
NRS 286.430. Withdrawal of contributions. |
NRS 286.435. Repayment upon retroactive reinstatement. |
NRS 286.440. Redeposit of withdrawn contributions upon return to service: Procedure. |
NRS 286.450. Rate of contributions by public employer. |
NRS 286.460. Remittance of contributions by public employers. |
NRS 286.462. Complaint to Department of Taxation required concerning delinquent report or payment. |
SERVICE |
NRS 286.470. Credit for service as county commissioner, city council member or mayor: Calculation of average compensation; waiver of service; exception. |
NRS 286.475. Credit for service as Legislator before July 1, 1967: Calculation of average compensation. |
NRS 286.477. Credit for part-time employment; loss of credit. |
NRS 286.479. Service credit for military service in Persian Gulf Crisis. |
NRS 286.481. Service ineligible for credit. |
NRS 286.486. Service credited in another system ineligible; exception. |
NRS 286.495. Computation of credit for service: Generally. |
NRS 286.501. Computation of credit for service: Employees of school districts and professional staff of Nevada System of Higher Education. |
NRS 286.505. Conversion of credit for service; time for crediting service. |
RETIREMENT |
NRS 286.510. Eligibility: Age and service of police officers, firefighters and other employees; reduction of benefit for retirement before required age. |
NRS 286.520. Employment of retired employee: Consequences; notice; exemptions. |
NRS 286.525. Employment of retired employee: Enrollment in System; rights of membership; accrual of credit for service; benefits for survivor. |
BENEFITS |
NRS 286.533. Limitation on distributions to members of System. |
NRS 286.534. Actuarial assumptions used in computing benefits: Availability; changes prohibited. |
NRS 286.535. Limitation on compensation used to determine retirement benefit. |
NRS 286.537. Limitations on benefits and contributions. |
NRS 286.538. Minimum benefits payable to employee who became member of System before January 1, 1990. |
NRS 286.539. Prohibition against applying forfeitures to increase benefits. |
NRS 286.545. Consent of spouse to retirement plan of member. |
NRS 286.551. Determination of monthly service retirement allowance. |
NRS 286.555. Refund of portion of contributions to certain persons who became members on or after January 1, 2010. |
NRS 286.571. Postretirement increases: Calculation of increase for persons who became members on or after January 1, 2010. |
NRS 286.575. Postretirement increases: Payment; effect on monthly benefit. |
NRS 286.5756. Postretirement increases: Persons receiving benefits before September 1, 1983, or for 3 years before increase. |
NRS 286.577. Postretirement increases: Persons receiving allowance before July 1, 1975; persons with benefits commencing in 1975. |
NRS 286.5775. Postretirement increases: Increases based on years allowance received; beneficiaries of deceased employees; limitations. |
NRS 286.578. Postretirement increases: Increases payable July 1, 1979, and July 1, 1980. |
NRS 286.5785. Postretirement increases: Increases payable July 1, 1981, and July 1, 1982. |
NRS 286.579. Postretirement increases: Increase for persons receiving benefits before January 1, 1977. |
NRS 286.590. Alternatives to unmodified service retirement allowance. |
NRS 286.592. Optional plans: Death of beneficiary; change of selection; effective date of termination or adjustment of allowance. |
NRS 286.612. Charges for deferred protection: Termination; adjustments of allowances or benefits. |
NRS 286.620. Disability retirement allowance: Eligibility; calculation of amount; beneficiaries; effective date of termination or adjustment of allowance. |
NRS 286.630. Disability retirement allowance: Approval or denial of application; medical examination. |
NRS 286.634. Disability retirement allowance: Effective date of retirement. |
NRS 286.637. Disability retirement allowance: Recipient to provide copy of federal income tax return; Board may require medical examinations. |
NRS 286.638. Disability retirement allowance: Reporting to Internal Revenue Service. |
NRS 286.640. Disability retirement allowance: Cancellation. |
NRS 286.650. Disability retirement allowance: Consequences of employment of recipient. |
NRS 286.655. Payments for rehabilitation in lieu of disability retirement allowance. |
NRS 286.660. Death of certain member before retirement: Disposition of money to member’s credit in Public Employees’ Retirement Fund. |
NRS 286.665. Death of member, retired employee or beneficiary: Transfer of contributions to retirement fund under certain circumstances; procedure for claiming transferred money. |
NRS 286.667. Allowance for retired police officer or firefighter: Benefits for spouse upon death; credit for certain other service prohibited; costs of benefit paid by employee. |
NRS 286.669. Person convicted of murder or voluntary manslaughter of member ineligible to receive benefits. |
NRS 286.670. Right to benefits not subject to taxes, process, bankruptcy, assignment or assessment for impairment or insolvency of insurance company; exceptions. |
NRS 286.6705. Transfer of unpaid check for benefits or refund to retirement fund; claim for payment of money; period of limitation. |
BENEFITS FOR SURVIVORS |
General Provisions |
NRS 286.671. Definitions. |
NRS 286.672. Eligibility. |
Children |
NRS 286.673. Payments to child of deceased member. |
Spouses |
NRS 286.674. Payments to spouse of deceased member. |
NRS 286.676. Payments to spouse of deceased member who had 10 or more years of accredited contributing service. |
NRS 286.6765. Payments to spouse if deceased member was eligible to retire. |
NRS 286.6766. Payment in lump sum to spouse; exception. |
Survivor Beneficiaries and Additional Payees |
NRS 286.6767. Designation of survivor beneficiary and additional payees by member. |
NRS 286.67675. Payments to survivor beneficiary of and to additional payees designated by deceased member. |
NRS 286.6768. Payments to survivor beneficiary of and to additional payees designated by deceased member who had 10 or more years of accredited contributing service. |
NRS 286.67685. Payment to survivor beneficiary of and to additional payees designated by deceased member if deceased member was eligible to retire. |
NRS 286.6769. Payment in lump sum to survivor beneficiary of and to additional payees designated by member; exception. |
Parents |
NRS 286.677. Payment to dependent parents; conditions. |
Limitations and Disposition of Surplus |
NRS 286.6775. Limitation on and reduction of amount of monthly allowance. |
NRS 286.679. Disposition of surplus of contributions if payments to beneficiary cease. |
VESTING OF ALLOWANCES AND BENEFITS |
NRS 286.6793. Time of vesting; vesting of benefits upon termination of System. |
INVESTMENT OF MONEY |
NRS 286.680. Investment by Board of money in funds; qualifications and employment of investment counsel; employment of other services; liability for investment decisions. |
NRS 286.682. Authorized investments: “Prudent person” standard. |
INVESTMENTS IN COMPANIES WITH CERTAIN OPERATIONS IN IRAN |
NRS 286.701. Definitions. |
NRS 286.703. “Active business operations” defined. |
NRS 286.705. “Business operations” defined. |
NRS 286.707. “Company” defined. |
NRS 286.709. “Direct holdings” defined. |
NRS 286.711. “Inactive business operations” defined. |
NRS 286.713. “Iran” defined. |
NRS 286.715. “Petroleum resources” defined. |
NRS 286.717. “Scrutinized business operations” defined. |
NRS 286.719. “Scrutinized company” defined. |
NRS 286.721. Board to identify, review and create list of investments in scrutinized companies. |
NRS 286.723. Board to prepare report of investments in scrutinized companies. |
NRS 286.725. Inapplicability to certain investments. |
UNIVERSITY OF NEVADA RETIREMENT PROGRAM |
NRS 286.802. Board of Regents to establish separate program for retirement of certain employees; contributions; enrollment. |
NRS 286.804. Program may be separate system or fund; participation in larger system or fund; provision of benefits through investment entity or combination of entities. |
NRS 286.808. Contributions; payment by Board of Regents on behalf of participant. |
NRS 286.810. Designation of investment entities; approval of contracts. |
NRS 286.812. Administration of program. |
NRS 286.814. Participants ineligible for membership in Public Employees’ Retirement System. |
NRS 286.816. Benefits payable only by designated investment entities. |
UNLAWFUL ACTS; PENALTIES |
NRS 286.820. False statement or certification; withholding of information. |