reglab/housing_qa huggingface dataset:
NV Rev Stat § 286.130 (2021)
2021 Nevada Revised Statutes|Chapter 286 - Public Employees’ Retirement|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 political subdivisions;  (c) Are active members of the System; and  (d) Are appointed from written nominations submitted by the following groups:  (1) Employees of the State and the Nevada System of Higher Education;  (2) The academic staff of school districts;  (3) Employees of cities, excluding Carson City;  (4) Employees of counties, including Carson City and excluding employees of county hospitals;  (5) Employees of county hospitals, public utilities, power districts, sanitation districts, classified school employees and employees of other districts as determined by the Board; and  (6) Employees whose current positions entitle them to participate in the Police and Firefighters’ Retirement Fund.  Each nominee must be a member of the group or organization that is nominating the nominee.  2. Two 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 political subdivisions;  (c) Are active members of the System; and  (d) Are appointed from written nominations submitted by the following groups:  (1) Administrators of school districts or members of boards of trustees of school districts; and  (2) Members of boards of county commissioners or the governing bodies of cities or administrators of counties or cities.  3. One member of the Board must be a person who:  (a) Is an employee of the State of Nevada or its political subdivisions with at least 10 years of service;  (b) Is serving in a position at least equivalent to the manager of a department or division;  (c) Is not an elected officer of the State of Nevada or its political subdivisions; and  (d) Is an active member of the System.  4. One member of the board must be a person who:  (a) Has had at least 10 years of service as an employee of the State of Nevada or its political subdivisions;  (b) Is not an elected officer of the State of Nevada or its political subdivisions; and  (c) Is receiving an allowance for service or disability retirement pursuant to this chapter.  5. A member of the Board shall serve for 4 years, so long as the member has the qualifications required by this section, and until the member’s successor is appointed and takes office. A member of the Board who no longer has the qualifications specified in the subsection under which the member was appointed may serve the remainder of the member’s term if the member loses those qualifications in the final 24 months of the member’s term.  [Part 5:181:1947; A 1949, 174; 1943 NCL § 5230.05] — (NRS A 1973, 1413; 1975, 1030; 1981, 445; 1987, 1522; 1991, 2355; 1993, 381; 2003, 2052)
NV Rev Stat § 286.150 (2021)
2021 Nevada Revised Statutes|Chapter 286 - Public Employees’ Retirement|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 of investment objectives and policies, or with legal counsel which are limited to advice upon claims or suits by or against the System may be closed by the Board.  3. At its first meeting each year, the Board shall designate one of its members to serve as Chair of the Board for the remainder of the year and until the Chair’s successor is designated and takes office.  [Part 4:181:1947; A 1949, 174; 1955, 23] — (NRS A 1973, 854; 1977, 1576)
NV Rev Stat § 286.160 (2021)
2021 Nevada Revised Statutes|Chapter 286 - Public Employees’ Retirement|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, Operations Officer, Investment Officer, Chief Financial Officer, Manager of Information Systems, Administrative Services Coordinator and Administrative Analyst whose appointments are effective upon confirmation by the Board. The General Counsel, Operations Officer, Investment Officer, Chief Financial Officer, Manager of Information Systems, Administrative Services Coordinator and Administrative Analyst serve at the pleasure of the Executive Officer.  2. The Executive Officer, General Counsel, Operations Officer, Investment Officer, Chief Financial Officer, Manager of Information Systems, Administrative Services Coordinator and Administrative Analyst are entitled to annual salaries fixed by the Board with the approval of the Interim Retirement and Benefits Committee of the Legislature created pursuant to NRS 218E.420. The salaries of these employees are exempt from the limitations of NRS 281.123.  3. The Executive Officer must:  (a) Be a graduate of a 4-year college or university with a degree in business administration or public administration or equivalent degree.  (b) Possess at least 5 years’ experience in a high level administrative or executive capacity, including responsibility for a variety of administrative functions such as retirement, insurance, investment or fiscal operations.  4. The General Counsel must be an attorney in good standing licensed and admitted to practice law in this State.  5. The Operations Officer, Investment Officer, Chief Financial Officer, Manager of Information Systems and Administrative Analyst must each be a graduate of a 4-year college or university with a degree in business administration or public administration or an equivalent degree.  6. Except as otherwise provided in NRS 284.143, the Executive Officer shall not pursue any other business or occupation or perform the duties of any other office of profit during normal office hours unless on leave approved in advance. The Executive Officer shall not participate in any business enterprise or investment in real or personal property if the System owns or has a direct financial interest in that enterprise or property.  [Part 4:181:1947; A 1949, 174; 1955, 23] + [Part 7:181:1947; 1943 NCL § 5230.07] + [38:295:1953; A 1955, 553] — (NRS A 1967, 1493; 1971, 1429; 1973, 855; 1975, 1031; 1977, 1577; 1979, 746; 1981, 445; 1985, 1709; 1989, 1556; 1995, 250, 2319; 1997, 613; 1999, 3022; 2001, 2401; 2003, 2053; 2007, 500; 2015, 1268, 2157)
NV Rev Stat § 286.170 (2021)
2021 Nevada Revised Statutes|Chapter 286 - Public Employees’ Retirement|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, an Investment Officer, an Operations Officer and a staff authorized by the Board and appointed by the Executive Officer with the approval of the Board.  2. The Board shall fix the salaries of the staff in accordance with the pay plan of the State for the classified service. No employee may be removed from the staff except in the manner provided for the classified service of the State.  [Part 4:181:1947; A 1949, 174; 1955, 23] + [Part 7:181:1947; 1943 NCL § 5230.07] — (NRS A 1967, 1493; 1971, 1430; 1973, 855; 1975, 1031; 1985, 391; 1989, 1557; 1991, 1970)
NV Rev Stat § 286.180 (2021)
2021 Nevada Revised Statutes|Chapter 286 - Public Employees’ Retirement|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 travel to attend a meeting of the Board or a conference or seminar on retirement or to perform an official function described in paragraph (b).  2. Fees and reimbursement for expenses must be paid from the Public Employees’ Retirement Administrative Fund.  3. Fees and reimbursement for expenses must be paid from commitment fees obtained from borrowers whenever the members of the Board hold special meetings or perform official functions, as described in paragraph (b) of subsection 1, which are limited solely to mortgage and real estate investments.  [Part 4:181:1947; A 1949, 174; 1955, 23] — (NRS A 1971, 1315; 1973, 855; 1975, 1032; 1977, 1577; 1979, 747; 1981, 446; 1985, 392, 1710)
NV Rev Stat § 286.190 (2021)
2021 Nevada Revised Statutes|Chapter 286 - Public Employees’ Retirement|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 actuarial soundness of the System to be prepared by an independent actuary based upon data compiled and supplied by employees of the System, and shall adopt actuarial tables and formulas prepared and recommended by the actuary.  (b) Provide for a biennial audit of the System, including the Administrative Fund, by an independent certified public accountant. The independent certified public accountant performing the audit of the System must be selected by a process for open bidding or requests for proposals that is conducted not less than once every 4 years. The Board shall not consider any bid or proposal submitted by a person who was selected to provide the audit of the System in the immediately preceding cycle of selection.  (c) Provide an annual report to the Governor, each member of the Legislature, each participating public employer, and each participating employee and employer association, and make the report available to all members upon request. The report must contain, when available, a review of the actuarial valuation required by paragraph (a).  (d) Post on its website any document that a public employer is required to submit to the System on or after January 1, 2010, relating to the contribution mechanism used by the public employer pursuant to NRS 286.410, 286.421 or 286.450.  3. May:  (a) Adjust the service or correct the records, allowance or benefits of any member, retired employee or beneficiary after an error or inequity has been determined, and require repayment of any money determined to have been paid by the System in error, if the money was paid within 6 years before demand for its repayment.  (b) Examine and copy personnel and financial records of public employers.  (c) Receive requests for membership from state, county or municipal entities which are not presently public employers, and determine whether or not any such entity and its employees qualify for membership as provided by this chapter.  (d) Require an annual notarized statement from a retired employee or beneficiary that the retired employee or beneficiary is in fact receiving an allowance or benefits, and withhold the allowance or benefits if the retired employee or beneficiary fails to provide the statement.  4. As used in this section, "error or inequity" means the existence of extenuating circumstances, including, but not limited to, a member’s reasonable and detrimental reliance on representations made by the System or by the public employer pursuant to NRS 286.288 which prove to be erroneous, or the mental incapacity of the member.  [Part 4:181:1947; A 1949, 174; 1955, 23] — (NRS A 1975, 1032; 1977, 1577; 1979, 747; 1981, 446; 1989, 1557; 2009, 2347; 2015, 245)
NV Rev Stat § 286.200 (2021)
2021 Nevada Revised Statutes|Chapter 286 - Public Employees’ Retirement|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 rules must include, without limitation, rules relating to the administration of the retirement plans in accordance with federal law.  2. No rule is effective until 10 days after all of the following conditions have been substantially met:  (a) A copy of the rule, in the form in which the Board proposes it, must be delivered, within 30 days after the Board proposes it, to all public employers participating in the System.  (b) As soon as a public employer receives a copy of the proposed rule, the public employer immediately shall cause the copy to be posted on a bulletin board or in some conspicuous place in or near its headquarters.  (c) If the Board deems a proposed rule to be of such length or of such other nature that it cannot feasibly be publicized by delivery and posting, a summary of the proposed rule must be delivered and posted in the manner and within the time required by paragraphs (a) and (b) of this subsection for copies of proposed rules.  (d) There must likewise be posted a notice stating that, at a specifically designated time and place at least 15 days after the delivery of the copy of the proposed rule or summary, a hearing on the proposed rule will be held, at which hearing all interested persons have an opportunity to be heard and after which the Board may adopt the proposed rule in the form in which it is originally proposed or with such amendments as are deemed necessary by the Board as a result of the hearing.  (e) A copy of the rule, in the form in which the Board finally adopts it, must be filed with the Secretary of State.  [6:181:1947; 1943 NCL § 5230.06] — (NRS A 2001, 2401)
NV Rev Stat § 286.211 (2021)
2021 Nevada Revised Statutes|Chapter 286 - Public Employees’ Retirement|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 under the Police and Firefighters’ Retirement Fund; and  (b) Determine those positions eligible under the early retirement provisions for police officers and firefighters.  2. Service in any position which has not been determined by the Board to be eligible does not entitle a member to early retirement as a firefighter or police officer.  (Added to NRS by 1987, 370; A 1999, 3022; 2003, 2054)
NV Rev Stat § 286.215 (2021)
2021 Nevada Revised Statutes|Chapter 286 - Public Employees’ Retirement|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, benefits and service credit relating to qualified military service as defined in section 414(u) of the Internal Revenue Code (26 U.S.C. § 414(u)).  (Added to NRS by 1997, 214)
NV Rev Stat § 286.220 (2021)
2021 Nevada Revised Statutes|Chapter 286 - Public Employees’ Retirement|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 degree of security to long-time public employees of the State and its political subdivisions. The money in the Fund must not be used or appropriated for any purpose incompatible with the policy of the Public Employees’ Retirement System, as expressed in NRS 286.015. The Fund must be invested and administered to assure the highest return consistent with safety in accordance with accepted investment practices.  3. The interest and income earned on the money in the Public Employees’ Retirement Fund, after deducting any applicable charges, must be credited to the Fund.  4. Money in the Public Employees’ Retirement Fund must be expended by the Board for the purpose of paying:  (a) Service retirement allowances;  (b) Disability retirement allowances;  (c) Postretirement allowances;  (d) Benefits for survivors;  (e) Authorized refunds to members and their beneficiaries;  (f) Amounts equivalent to disability retirement allowances to be used by employers for rehabilitation; and  (g) Allowances to beneficiaries,  and for the payment of expenses authorized by law to be paid from the Fund.  5. Contributions from members and from participating public employers to the Public Employees’ Retirement Fund must be deposited in a bank or credit union of reputable standing in the State of Nevada. Such deposits must be secured in a manner satisfactory to the Board.  6. All checks drawn upon the Public Employees’ Retirement Fund must be signed by two persons designated by the Board.  [Part 10:181:1947; A 1949, 174; 1953, 129] — (NRS A 1965, 89; 1973, 856, 997; 1975, 1033; 1977, 1578; 1979, 256; 1983, 1583; 1999, 1466)
NV Rev Stat § 286.225 (2021)
2021 Nevada Revised Statutes|Chapter 286 - Public Employees’ Retirement|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 police officers and firefighters and their beneficiaries must be paid from the Police and Firefighters’ Retirement Fund.  3. All contributions paid by and for police officers and firefighters must be credited to the Police and Firefighters’ Retirement Fund.  4. The Police and Firefighters’ Retirement Fund must be administered by the Board and is subject to all restrictions and regulations applicable to the Board.  5. Any postretirement increase appropriated by the Legislature in accordance with this chapter must be paid to eligible retired police officers and firefighters and their beneficiaries from any such appropriation.  6. Investment return on moneys in the Police and Firefighters’ Retirement Fund must be deposited in that Fund at the end of each fiscal year based on annual average yield of the System.  7. The Board shall transfer appropriate employee and employer contributions made by and for members who transfer to and from the Public Employees’ Retirement Fund and the Police and Firefighters’ Retirement Fund.  (Added to NRS by 1975, 1033; A 1977, 1579; 1979, 257; 2003, 2054)
NV Rev Stat § 286.227 (2021)
2021 Nevada Revised Statutes|Chapter 286 - Public Employees’ Retirement|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. The Board may remove a member for cause.  4. The Committee shall make recommendations to the Board concerning the administration of and benefits payable from the Police and Firefighters’ Retirement Fund. The Board shall consult with the Committee on all matters concerning this Fund, and consider its recommendations upon their merits.  (Added to NRS by 1977, 1572; A 2003, 2054; 2009, 2348)
NV Rev Stat § 286.230 (2021)
2021 Nevada Revised Statutes|Chapter 286 - Public Employees’ Retirement|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 to pay the operating expense of the System. Except as otherwise provided by NRS 1A.200 and 218C.160, the System shall transfer monthly from the respective retirement funds to the Public Employees’ Retirement Administrative Fund the amount of the per capita fee multiplied by the combined number of members and persons receiving allowances from that Fund.  3. The Board may establish a separate and additional administrative fee for police officers and firefighters and their public employers to pay the additional expense of maintaining a separate fund and to pay the actual and necessary travel expenses and other expenses, within the limits established by the Board, for meetings of the Police and Firefighters’ Retirement Fund Advisory Committee.  [Part 10:181:1947; A 1949, 174; 1953, 129] — (NRS A 1975, 1034; 1977, 1579; 1979, 748; 1981, 447; 1991, 2356; 2001 Special Session, 94; 2003, 2054)
NV Rev Stat § 286.241 (2021)
2021 Nevada Revised Statutes|Chapter 286 - Public Employees’ Retirement|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 286.537. The fund must be established in accordance with the provisions of section 415(m) of the Internal Revenue Code (26 U.S.C. § 415(m)) and must be separate from the Public Employees’ Retirement Fund.  2. If the Board establishes a fund pursuant to subsection 1, the benefits that are required to be paid from the fund must be paid from a portion of the employer contributions required to be paid pursuant to NRS 286.450. The Board shall:  (a) Determine the amount of the employer contributions that must be allocated to the fund; and  (b) Deposit that amount in the fund before it deposits any remaining employer contributions in the Public Employees’ Retirement Fund.  (Added to NRS by 1997, 215)
NV Rev Stat § 286.260 (2021)
2021 Nevada Revised Statutes|Chapter 286 - Public Employees’ Retirement|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 Fund or Police and Firefighters’ Retirement Fund and any changes in the account that may be legally authorized.  2. Any interest paid by a member with the repayment of withdrawn contributions or purchase of any service must not be credited to such member’s account.  3. The Board is relieved of any further liability regarding a member, the member’s estate or a beneficiary upon the return of all employee contributions to the member, the member’s estate or beneficiary or a combination thereof.  [Part 10:181:1947; A 1949, 174; 1953, 129] — (NRS A 1975, 1034; 2003, 2055)
NV Rev Stat § 286.265 (2021)
2021 Nevada Revised Statutes|Chapter 286 - Public Employees’ Retirement|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 provided pursuant to this chapter that affects the eligibility of the recipient to participate in the Program. Such notice must be provided by the System to the Program, in a format agreed upon by the System and the Program, within 30 calendar days after the System is notified of the change in payment status.  (Added to NRS by 2003, 3259)
NV Rev Stat § 286.282 (2021)
2021 Nevada Revised Statutes|Chapter 286 - Public Employees’ Retirement|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 policies and performance standards under this chapter.  (Added to NRS by 1973, 859; A 1983, 182)