reglab/housing_qa huggingface dataset:
NV Rev Stat § 286.674 (2021)
2021 Nevada Revised Statutes|Chapter 286 - Public Employees’ Retirement|NRS 286.674 - Payments to spouse of deceased member.

  1. The spouse of a deceased member is entitled to receive a cumulative benefit of at least $450 per month. The payments must begin on the first day of the month immediately following the death of the member and must cease on the last day of the month in which the spouse dies. If payments cease before the total amount of contributions made by the deceased member have been received by the spouse, the surplus of contributions over payments received must be paid to the spouse.  2. The benefits paid pursuant to this section are in addition to any benefits paid pursuant to NRS 286.673.  (Added to NRS by 1963, 984; A 1975, 1059; 1983, 488; 1989, 1026; 1995, 254; 1999, 2622)
NV Rev Stat § 286.676 (2021)
2021 Nevada Revised Statutes|Chapter 286 - Public Employees’ Retirement|NRS 286.676 - Payments to spouse of deceased member who had 10 or more years of accredited contributing service.

  1. Except as limited by subsections 3 and 4, the spouse of a deceased member who had 10 or more years of accredited contributing service is entitled to receive a monthly allowance equivalent to that provided by:  (a) Option 3 in NRS 286.590, if the deceased member had less than 15 years of service on the date of the member’s death; or  (b) Option 2 in NRS 286.590, if the deceased member had more than 15 years of service on the date of the member’s death.  To apply the provisions of Options 2 and 3, the deceased member shall be deemed to have retired on the date of the member’s death immediately after having named the spouse as beneficiary under the applicable option. This benefit must be computed without any reduction for age for the deceased member. The benefits provided by this subsection must be paid to the spouse for the remainder of the spouse’s life.  2. The spouse may elect to receive the benefits provided by any one of the following only:  (a) This section;  (b) NRS 286.674; or  (c) NRS 286.6766.  3. The benefit payable to the spouse of a member who died before May 19, 1975, is limited to a spouse who received at least 50 percent of the spouse’s support from the member during the 6 months immediately preceding the member’s death and to the amounts provided in this subsection. If, at the time of the member’s death, the member had 15 or more years of service and did not elect an optional retirement plan as offered in this chapter, the deceased member’s spouse, upon attaining the age of 60 years, may receive a cumulative benefit of at least $450 per month or 50 percent of the average salary received by the member for the 3 consecutive highest salaried years of the member’s last 10 years of service, whichever is less. Payments, or the right to receive payments, must cease upon the death of the spouse. Benefits under this section are not renewable following termination.  4. The benefits provided by paragraph (a) of subsection 1 may only be paid to the spouses of members who died on or after May 19, 1975.  (Added to NRS by 1963, 984; A 1967, 1093; 1975, 1059; 1979, 260, 758; 1981, 457; 1987, 684; 1989, 1027; 1995, 254; 1999, 2622)
NV Rev Stat § 286.6765 (2021)
2021 Nevada Revised Statutes|Chapter 286 - Public Employees’ Retirement|NRS 286.6765 - Payments to spouse if deceased member was eligible to retire.

  1. Except as limited by subsection 2, the spouse of a deceased member who was fully eligible to retire, both as to service and age, is entitled to receive a monthly allowance equivalent to that provided by option 2 in NRS 286.590. This section does not apply to the spouse of a member who was eligible to retire only under subsection 6 of NRS 286.510. For the purposes of applying the provisions of option 2, the deceased member shall be deemed to have retired on the date of the member’s death immediately after having named the spouse as beneficiary under option 2. The benefits provided by this section must be paid to the spouse for the remainder of the spouse’s life. The spouse may elect to receive the benefits provided by any one of the following only:  (a) This section;  (b) NRS 286.674;  (c) NRS 286.676; or  (d) NRS 286.6766.  2. The benefits provided by this section may only be paid to the spouses of members who died on or after May 19, 1975.  (Added to NRS by 1981, 442; A 1999, 973)
NV Rev Stat § 286.6766 (2021)
2021 Nevada Revised Statutes|Chapter 286 - Public Employees’ Retirement|NRS 286.6766 - Payment in lump sum to spouse; exception.

Any spouse eligible for payments under the provisions of NRS 286.674 or 286.676 may elect to waive payment of a monthly allowance and to receive instead in a lump sum a refund of all contributions to the Public Employees’ Retirement Fund or the Police and Firefighters’ Retirement Fund made by a deceased member plus any contributions made by a public employer in lieu of the employee’s contributions, but if more than one person is eligible for benefits on account of the contributions of any one deceased member, no such lump-sum payment may be made.  (Added to NRS by 1963, 985; A 1975, 1060; 1977, 1595; 1983, 488; 2003, 2066)
NV Rev Stat § 286.67665 (2021)
2021 Nevada Revised Statutes|Chapter 286 - Public Employees’ Retirement|NRS 286.67665 - Payments to spouse of member killed in line of duty or course of employment on or after July 1, 2013.

  1. The spouse of a member who is a police officer or firefighter killed in the line of duty on or after July 1, 2013, or the spouse of any other member killed in the course of employment on or after July 1, 2013, is entitled to receive a monthly allowance equivalent to the greater of:  (a) Fifty percent of the salary of the member on the date of the member’s death; or   (b) One hundred percent of the retirement allowance that the member was eligible to receive based on the member’s years of service obtained before the member’s death without any reduction for age for the deceased member.  2. The benefits provided by this section must be paid to the spouse for the remainder of the spouse’s life.   3. The spouse may elect to receive the benefits provided by any one of the following only:  (a) This section;  (b) NRS 286.674;  (c) NRS 286.676;   (d) NRS 286.6765; or  (e) NRS 286.6766.  4. For the purposes of this section, the Board shall define by regulation "killed in the line of duty" and "killed in the course of employment."  (Added to NRS by 2015, 2724)
NV Rev Stat § 286.6767 (2021)
2021 Nevada Revised Statutes|Chapter 286 - Public Employees’ Retirement|NRS 286.6767 - Designation of survivor beneficiary and additional payees by member.

  1. A member may designate, in writing, a survivor beneficiary and one or more additional payees to receive the payments provided pursuant to NRS 286.67675, 286.6768 or 286.67685 if the member is unmarried on the date of the member’s death.  2. A designation pursuant to subsection 1 must be made on a form approved by the Executive Officer. If a member has designated one or more payees in addition to the survivor beneficiary, the member must designate the percentage of the payments that the survivor beneficiary and each additional payee is entitled to receive.  (Added to NRS by 2001, 1287; A 2003, 2066)
NV Rev Stat § 286.67675 (2021)
2021 Nevada Revised Statutes|Chapter 286 - Public Employees’ Retirement|NRS 286.67675 - Payments to survivor beneficiary of and to additional payees designated by deceased member.

  1. Except as otherwise provided in this subsection, the survivor beneficiary of a deceased member is entitled to receive a cumulative benefit of at least $450 per month. If a member has designated one or more payees in addition to the survivor beneficiary pursuant to NRS 286.6767, the cumulative benefit paid pursuant to this subsection must be divided between the survivor beneficiary and any additional payee in the proportion designated by the member pursuant to NRS 286.6767. The payments must begin on the first day of the month immediately following the death of the member and must cease on the last day of the month in which the survivor beneficiary dies.  2. Except as otherwise provided in this subsection, if payments made pursuant to subsection 1 cease before the total amount of contributions made by the deceased member have been received by the survivor beneficiary, the surplus of contributions over payments received must be paid to the survivor beneficiary. If the member had designated one or more payees in addition to the survivor beneficiary pursuant to NRS 286.6767, the surplus of contributions over payments received must be divided between the survivor beneficiary and any additional payee in the proportion designated by the member pursuant to NRS 286.6767.  3. The benefits paid pursuant to this section are in addition to any benefits paid pursuant to NRS 286.673.  4. As used in this section, "survivor beneficiary" means a person designated pursuant to NRS 286.6767.  (Added to NRS by 2001, 1287; A 2003, 2066)
NV Rev Stat § 286.6768 (2021)
2021 Nevada Revised Statutes|Chapter 286 - Public Employees’ Retirement|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.

  1. Except as otherwise provided in subsection 2 and as limited by subsection 4, the survivor beneficiary of a deceased member who had 10 or more years of accredited contributing service is entitled to receive a monthly allowance equivalent to that provided by:  (a) Option 3 in NRS 286.590, if the deceased member had less than 15 years of service on the date of the member’s death; or  (b) Option 2 in NRS 286.590, if the deceased member had 15 or more years of service on the date of the member’s death.  To apply the provisions of Options 2 and 3, the deceased member shall be deemed to have retired on the date of the member’s death immediately after having named the survivor beneficiary as beneficiary pursuant to the applicable option. This benefit must be computed without any reduction for age for the deceased member. The benefits provided by this subsection must be paid to the survivor beneficiary for the remainder of the life of the survivor beneficiary.  2. If the member had designated one or more payees in addition to the survivor beneficiary pursuant to NRS 286.6767, the monthly allowance to which a survivor beneficiary is entitled pursuant to subsection 1 must be divided between the survivor beneficiary and any additional payee in the proportion designated by the member pursuant to NRS 286.6767.  3. The survivor beneficiary may elect to receive the benefits provided by any one of the following only:  (a) This section;  (b) NRS 286.67675; or  (c) NRS 286.6769.  4. The benefits provided by paragraph (a) of subsection 1 may only be paid to the survivor beneficiary and, if applicable, any additional payee of a member who died on or after January 1, 2002.  5. As used in this section, "survivor beneficiary" means a person designated pursuant to NRS 286.6767.  (Added to NRS by 2001, 1287; A 2001 Special Session, 99; 2003, 2067)
NV Rev Stat § 286.67685 (2021)
2021 Nevada Revised Statutes|Chapter 286 - Public Employees’ Retirement|NRS 286.67685 - Payment to survivor beneficiary of and to additional payees designated by deceased member if deceased member was eligible to retire.

  1. Except as otherwise provided in subsection 2 and as limited by subsection 3, the survivor beneficiary of a deceased member who was fully eligible to retire, both as to service and age, is entitled to receive a monthly allowance equivalent to that provided by Option 2 in NRS 286.590. This section does not apply to the survivor beneficiary of a member who was eligible to retire only pursuant to subsection 6 of NRS 286.510. For the purposes of applying the provisions of Option 2, the deceased member shall be deemed to have retired on the date of the member’s death immediately after having named the survivor beneficiary as beneficiary pursuant to Option 2. The benefits provided by this section must be paid to the survivor beneficiary for the remainder of the life of the survivor beneficiary. The survivor beneficiary may elect to receive the benefits provided by any one of the following only:  (a) This section;  (b) NRS 286.67675;  (c) NRS 286.6768; or  (d) NRS 286.6769.  2. If the member had designated one or more payees in addition to the survivor beneficiary pursuant to NRS 286.6767, the monthly allowance to which a survivor beneficiary is entitled pursuant to subsection 1 must be divided between the survivor beneficiary and any additional payee in the proportion designated by the member pursuant to NRS 286.6767.  3. The benefits provided by this section may only be paid to the survivor beneficiary and, if applicable, any additional payee of a member who died on or after January 1, 2002.  4. As used in this section, "survivor beneficiary" means a person designated pursuant to NRS 286.6767.  (Added to NRS by 2001, 1288; A 2003, 2067)
NV Rev Stat § 286.6769 (2021)
2021 Nevada Revised Statutes|Chapter 286 - Public Employees’ Retirement|NRS 286.6769 - Payment in lump sum to survivor beneficiary of and to additional payees designated by member; exception.

  1. Except as otherwise provided in subsection 2, any survivor beneficiary eligible for payments pursuant to the provisions of NRS 286.67675 or 286.6768 may elect to waive payment of a monthly allowance and to receive instead in a lump sum a refund of all contributions to the Public Employees’ Retirement Fund or the Police and Firefighters’ Retirement Fund made by a deceased member plus any contributions made by a public employer in lieu of the employee’s contributions, but if more than one person is eligible for benefits on account of the contributions of any one deceased member, no such lump-sum payment may be made.  2. If the member had designated one or more payees in addition to the survivor beneficiary pursuant to NRS 286.6767, the lump sum to which a survivor beneficiary is entitled pursuant to subsection 1 must be divided between the survivor beneficiary and any additional payee in the proportion designated by the member pursuant to NRS 286.6767.  3. As used in this section, "survivor beneficiary" means a person designated pursuant to NRS 286.6767.  (Added to NRS by 2001, 1288; A 2003, 2068)
NV Rev Stat § 286.67695 (2021)
2021 Nevada Revised Statutes|Chapter 286 - Public Employees’ Retirement|NRS 286.67695 - Payments to survivor beneficiary of member killed in line of duty or course of employment on or after July 1, 2013.

  1. Except as otherwise provided in subsection 2, the survivor beneficiary of a member who is a police officer or firefighter killed in the line of duty on or after July 1, 2013, or the survivor beneficiary of any other member killed in the course of employment on or after July 1, 2013, is entitled to receive a monthly allowance equivalent to the greater of:  (a) Fifty percent of the salary of the member on the date of the member’s death; or   (b) One hundred percent of the retirement allowance that the member was eligible to receive based on the member’s years of service obtained before the member’s death without any reduction for age for the deceased member.  2. If the member had designated one or more payees in addition to the survivor beneficiary pursuant to NRS 286.6767, the monthly allowance to which a survivor beneficiary is entitled pursuant to subsection 1 must be divided between the survivor beneficiary and any additional payees in the proportion designated by the member pursuant to NRS 286.6767.  3. The benefits provided by this section must be paid to the survivor beneficiary for the remainder of the survivor beneficiary’s life.   4. The survivor beneficiary may elect to receive the benefits provided by any one of the following only:  (a) This section;  (b) NRS 286.67675;  (c) NRS 286.6768;   (d) NRS 286.67685; or  (e) NRS 286.6769.  5. For the purposes of this section, the Board shall define by regulation "killed in the line of duty" and "killed in the course of employment."  6. As used in this section, "survivor beneficiary" means a person designated pursuant to NRS 286.6767.  (Added to NRS by 2015, 2724)
NV Rev Stat § 286.677 (2021)
2021 Nevada Revised Statutes|Chapter 286 - Public Employees’ Retirement|NRS 286.677 - Payment to dependent parents; conditions.

If payments or refunds are not made pursuant to the provisions of NRS 286.673, 286.674, 286.676, 286.67675 or 286.6768, the dependent parent of a deceased member is entitled to receive a cumulative benefit of at least $400 per month, and if there are two dependent parents, each is entitled to receive a cumulative benefit of at least $400 per month. Payments to any parent pursuant to this section must cease upon the death of that parent.  (Added to NRS by 1963, 985; A 1975, 1060; 1989, 1028; 1995, 255; 1999, 2623; 2001, 1291)
NV Rev Stat § 286.6775 (2021)
2021 Nevada Revised Statutes|Chapter 286 - Public Employees’ Retirement|NRS 286.6775 - Limitation on and reduction of amount of monthly allowance.

The amount of each monthly allowance paid since May 19, 1977, as specified in NRS 286.673 to 286.677, inclusive, shall not exceed the deceased member’s average compensation and shall be reduced by the amount of any other benefit received from any source:  1. If that benefit was provided or purchased by the expenditure of money by a public employer in this state, except for lump-sum payments under a group insurance program; and  2. To the extent that the total of the allowance and the other benefit would otherwise exceed the deceased member’s average compensation.  (Added to NRS by 1977, 1573; A 1979, 758; 2001, 1291)
NV Rev Stat § 286.679 (2021)
2021 Nevada Revised Statutes|Chapter 286 - Public Employees’ Retirement|NRS 286.679 - Disposition of surplus of contributions if payments to beneficiary cease.

  1. If payments to a beneficiary pursuant to NRS 286.671 to 286.679, inclusive, cease before the total contributions of a deceased member have been paid in benefits, and there is no person entitled to receive such benefits pursuant to any provision of this chapter, the surplus of such contributions over the benefits actually received may be paid in a lump sum to:  (a) The beneficiary whom the deceased member designated for this purpose in writing on a form approved by the System.  (b) If no such designation was made or the person designated is deceased, the beneficiary who previously received the payments.  (c) If no payment may be made pursuant to paragraphs (a) and (b), the persons entitled as heirs or residuary legatees to the estate of the deceased member.  2. A lump-sum payment made pursuant to this section fully discharges the obligations of the System.  (Added to NRS by 1963, 985; A 1983, 489; 1995, 255; 2001, 1291; 2015, 2731)
NV Rev Stat § 286.6793 (2021)
2021 Nevada Revised Statutes|Chapter 286 - Public Employees’ Retirement|NRS 286.6793 - Time of vesting; vesting of benefits upon termination of System.

  1. The retirement allowance for a member who:  (a) Ceased being an active member before July 1, 1989, vested on the date that the employee completed 10 years of accredited contributing service; and  (b) Is active on or after July 1, 1989, becomes vested on the date that the employee completes 5 years of accredited contributing service.  2. Benefits for survivors offered pursuant to this chapter become vested on the date that the employee completes 10 years of accredited contributing service or becomes entitled to begin receiving benefits or on the date of the member’s death, whichever event occurs first.  3. Unless otherwise specifically provided by the amendatory act, any change in the provisions of this chapter is retroactive for all service of any member before the date of vesting, but no change may impair any vested allowance or benefit.  4. Upon the termination or partial termination of the System:  (a) Except as otherwise provided in paragraph (b), all accrued benefits that are funded become 100 percent vested and nonforfeitable.  (b) A member who receives the member’s vested accrued benefits in a complete cash distribution before the termination is not entitled to the vesting of any benefits which have been forfeited.  (Added to NRS by 1967, 744; A 1975, 1060; 1977, 1595; 1979, 261; 1981, 457; 1989, 1028; 1991, 2369; 2001, 1291)
NV Rev Stat § 286.680 (2021)
2021 Nevada Revised Statutes|Chapter 286 - Public Employees’ Retirement|NRS 286.680 - Investment by Board of money in funds; qualifications and employment of investment counsel; employment of other services; liability for investment decisions.

  1. In addition to the provisions of chapter 355 of NRS, the Board may invest and reinvest the money in its funds as provided in this section and NRS 286.682 and may employ investment counsel for that purpose. The Board may also employ investment supervisory services, trust audit services and other related investment services which it deems necessary to invest effectively and safeguard the money in the System’s funds.  2. No person engaged in business as a broker or dealer in securities or who has a direct pecuniary interest in any such business who receives commissions for transactions performed as agent for the Board is eligible for employment as investment counsel for the Board.  3. The Board shall not engage investment counsel unless:  (a) The principal business of the person selected by the Board consists of giving continuous advice as to the investment of money on the basis of the individual needs of each client;  (b) The person and the person’s predecessors have been continuously engaged in such a business for a period of 5 or more years;  (c) The person is registered as an investment adviser under the laws of the United States as from time to time in effect, or is a bank or an investment management subsidiary of a bank; and  (d) The contract between the Board and the investment counsel is of no specific duration and is voidable at any time by either party.  4. The Board and its individual members are not liable for investment decisions made by investment counsel if they obtain qualified investment counsel, establish proper objectives and policies for investments, and issue appropriate interim directives. Investment counsel is liable for any investment decision that is not made in accordance with the objectives and policies established by the Board and any applicable interim directives.  5. The expenses incurred in obtaining and reviewing services pursuant to the provisions of this section and the reimbursements to employees for their expenses incurred in connection with investment decisions must be paid out of the Public Employees’ Retirement Fund and the Police and Firefighters’ Retirement Fund in proportion to their respective assets.  6. The Board shall tender invitations to banks and credit unions for commercial banking and trust services, consider proposals submitted by interested banks and credit unions, and consider contracts for commercial banking and trust services at least every 5 years.  (Added to NRS by 1959, 882; A 1965, 685, 959; 1973, 857; 1975, 1061; 1977, 1595; 1983, 489; 1987, 512; 1993, 478; 1999, 1467; 2003, 2068)
NV Rev Stat § 286.682 (2021)
2021 Nevada Revised Statutes|Chapter 286 - Public Employees’ Retirement|NRS 286.682 - Authorized investments: "Prudent person" standard.

The Board may invest the money in its funds in every kind of investment which persons of prudence, discretion and intelligence acquire or retain for their own account.  (Added to NRS by 1973, 850; A 1975, 1062; 1997, 1607)
NV Rev Stat § 286.701 (2021)
2021 Nevada Revised Statutes|Chapter 286 - Public Employees’ Retirement|NRS 286.701 - Definitions.

As used in NRS 286.701 to 286.725, inclusive, unless the context otherwise requires, the words and terms defined in NRS 286.703 to 286.719, inclusive, have the meanings ascribed to them in those sections.  (Added to NRS by 2009, 2776)
NV Rev Stat § 286.703 (2021)
2021 Nevada Revised Statutes|Chapter 286 - Public Employees’ Retirement|NRS 286.703 - "Active business operations" defined.

Active business operations means all business operations that are not inactive business operations.  (Added to NRS by 2009, 2776)