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2023 Nevada Revised Statutes › Chapter 286 - Public Employees’ Retirement › NRS 286.050 - "Member" defined.

"Member" means a person:
1. Who is employed by a participating public employer and who is contributing to the System; or
2. Who has previously been in the employ of a participating public employer and who has contributed to the System but who subsequently terminates such employment without withdrawing the person’s contributions.
[Part 2:181:1947; A 1949, 174; 1951, 269; 1951, 324]—(NRS A 1975, 1029)
2023 Nevada Revised Statutes › Chapter 286 - Public Employees’ Retirement › NRS 286.061 - "Police officer" defined.

"Police officer" means a member who is:
1. Filling a full-time position with a participating public employer, the principal duties of which require emotional stability and physical capacity in protecting the public and enforcing the laws of the State of Nevada or any of its political subdivisions.
2. The former holder of a position defined in subsection 1 who has:
(a) Earned at least 2 years of creditable service in that position; and
(b) Been promoted or transferred within the chain of command by the same public employer to a position related to the protection of the public and law enforcement.
3. The former holder of a position defined in subsection 1 who:
(a) Has earned at least 2 years of creditable service in that position; and
(b) Is employed by a different employer in a position that would have been eligible under paragraph (b) of subsection 2 had the member remained with the member’s former employer.
(Added to NRS by 1975, 1028; A 1977, 1575; 1981, 501, 2013; 1985, 1982; 1987, 371)
2023 Nevada Revised Statutes › Chapter 286 - Public Employees’ Retirement › NRS 286.065 - "Postretirement increase" defined.

"Postretirement increase" means the monthly cost-of-living increase added to the monthly payments of:
1. Persons receiving disability retirement allowances or service retirement allowances;
2. Beneficiaries of deceased members receiving allowances; and
3. Persons receiving monthly benefits for survivors,
pursuant to the terms of this chapter.
(Added to NRS by 1975, 1028; A 1979, 255)
2023 Nevada Revised Statutes › Chapter 286 - Public Employees’ Retirement › NRS 286.070 - "Public employer" defined.

1. "Public employer" means the State, one of its agencies or one of its political subdivisions, the System, irrigation districts created under the laws of the State of Nevada, a public or quasi-public organization or agency that is funded, at least in part, by public money, including a regional transportation commission, a governing body of a charter school and a council of governments created pursuant to the laws of the State of Nevada.
2. State agencies are those agencies subject to state control and supervision, including those whose employees are governed by chapter 284 of NRS, unless specifically exempted therefrom, and those which deposit money with the State Treasurer.
[Part 2:181:1947; A 1949, 174; 1951, 269; 1951, 324]—(NRS A 1959, 12, 161; 1969, 219; 1973, 710; 1975, 1029; 1977, 1576; 1979, 255, 1110; 1987, 1395; 1999, 3319; 2003, 2051)
2023 Nevada Revised Statutes › Chapter 286 - Public Employees’ Retirement › NRS 286.080 - "Service retirement allowance" defined.

"Service retirement allowance" means monthly payments from the Public Employees’ Retirement Fund or the Police and Firefighters’ Retirement Fund paid to a retired employee for the remainder of the retired employee’s life.
[Part 2:181:1947; A 1949, 174; 1951, 269; 1951, 324]—(NRS A 1975, 1029; 1979, 256; 2003, 2052)
2023 Nevada Revised Statutes › Chapter 286 - Public Employees’ Retirement › NRS 286.110 - Public Employees’ Retirement System: Establishment; review of System; use of state services; public inspection of certain records; liability of public employers.

1. A system of retirement providing benefits for the retirement, disability or death of employees of public employers and funded on an actuarial reserve basis is hereby established and must be known as the Public Employees’ Retirement System. The System is a public agency supported by administrative fees transferred from the retirement funds. The Executive and Legislative Departments of the State Government shall regularly review the System.
2. The System is entitled to use any services provided to state agencies and shall use the services of the Purchasing Division of the Department of Administration, but is not required to use any other service. The purpose of this subsection is to provide to the Board the necessary autonomy for an efficient and economic administration of the System and its program.
3. Except as otherwise provided in NRS 286.118, the official correspondence and records and, except as otherwise provided in NRS 241.035, the minutes, audio recordings, transcripts and books of the System are public records and are available for public inspection. A copy of the minutes or audio recordings must be made available to a member of the public upon request at no charge pursuant to NRS 241.035.
4. The respective participating public employers are not liable for any obligation of the System.
[3:181:1947; 1943 NCL § 5230.03]—(NRS A 1975, 1030; 1977, 1576; 1993, 474, 1552; 1995, 524; 2005, 1409; 2013, 328; 2019, 1174)
2023 Nevada Revised Statutes › Chapter 286 - Public Employees’ Retirement › NRS 286.117 - Limitations on review and copying of certain records; waiver.

Except as otherwise provided in NRS 286.118, all records and files maintained for a member, retired employee or beneficiary may be reviewed and copied only by the System, the member, the member’s public employer or spouse, or the retired employee or the retired employee’s spouse, or pursuant to a court order, or by a beneficiary after the death of the employee on whose account benefits are received. Any member, retired employee or beneficiary may submit a written waiver to the System authorizing the representative of the member, retired employee or beneficiary to review or copy all such records.
(Added to NRS by 1977, 1573; A 2019, 1174)
2023 Nevada Revised Statutes › Chapter 286 - Public Employees’ Retirement › NRS 286.118 - Certain information deemed to be confidential; certain information deemed to be public records; limitations on disclosure of confidential information.

1. Except as otherwise provided in this section, all information about a current or former member of a public retirement system administered by the Board, or a beneficiary of such a member, which is contained in a record or file in the possession, control or custody of the Board is confidential regardless of the form, location and manner of creation or storage of a record or file containing the information.
2. The following information about a current or former member of such a public retirement system which is contained in a record or file in the possession, control or custody of the Board is a public record:
(a) The name of the current or former member; and
(b) The amount of annual pension benefit paid to the current or former member.
3. The Board may only disclose information made confidential pursuant to subsection 1 to a third party if:
(a) Such disclosure is necessary for the Board to carry out its duties; and
(b) The Board executes a confidentiality agreement with the third party before providing the third party with any confidential information.
(Added to NRS by 2019, 1174)
2023 Nevada Revised Statutes › Chapter 286 - Public Employees’ Retirement › NRS 286.120 - System governed by Public Employees’ Retirement Board: Name; number of members; duties of Governor; removal of members.

1. The governing authority of the System shall be a board of seven persons appointed by the Governor.
2. The name of the board shall be the Public Employees’ Retirement Board.
3. The Governor shall review periodically the broad administrative policies and performance standards as they are being administered by the Board.
4. The Governor may remove and replace any Board member for cause shown.
[Part 4:181:1947; A 1949, 174; 1955, 23]—(NRS A 1973, 854, 1412)
2023 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)
2023 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)
2023 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, Chief Investment Officer, Deputy Investment Officer, Chief Financial Officer, Manager of Information Systems, Administrative Services Coordinator, Chief Administrative Analyst and Administrative Analyst whose appointments are effective upon confirmation by the Board. The General Counsel, Operations Officer, Chief Investment Officer, Deputy Investment Officer, Chief Financial Officer, Manager of Information Systems, Administrative Services Coordinator, Chief Administrative Analyst and Administrative Analyst serve at the pleasure of the Executive Officer.
2. The Executive Officer, General Counsel, Operations Officer, Chief Investment Officer, Deputy Investment Officer, Chief Financial Officer, Manager of Information Systems, Administrative Services Coordinator, Chief Administrative Analyst 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.
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, Chief Investment Officer, Deputy Investment Officer, Chief Financial Officer, Manager of Information Systems, Chief Administrative Analyst 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; 2021, 2873; 2023, 1012, 1875)
2023 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, Chief Investment Officer and 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; 2021, 2874)
2023 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)
2023 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)
2023 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)
2023 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)
2023 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)
2023 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)
2023 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)
2023 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)
2023 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)
2023 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)
2023 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)
2023 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)
2023 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)
2023 Nevada Revised Statutes › Chapter 286 - Public Employees’ Retirement › NRS 286.287 - Board to consider investments: Meetings; duties.

The Board shall meet at least monthly to consider investments. At each of its meetings it shall:
1. Review, and if appropriate direct changes in, the investment portfolio of the System.
2. Recommend any appropriate changes in the investment objectives and policies.
3. Acknowledge and process investment suggestions forwarded to it by members of the System.
4. Provide for investment practice explanations to all members of the System when such explanations seem appropriate.
(Added to NRS by 1973, 859; A 1975, 1035; 1977, 1580)
2023 Nevada Revised Statutes › Chapter 286 - Public Employees’ Retirement › NRS 286.288 - Liaison officer between System and members or employers; responsibility of System for inaccurate or misleading information.

Each participating public employer or group of such employers shall select an employee as liaison officer to certify records and coordinate matters pertaining to retirement between the System and members or participating public employers. The System is responsible for any inaccurate or misleading information provided to any person or agency by an officer or employee of the System but is not responsible for inaccurate or misleading information provided by an officer or employee of a participating public employer or any other person.
(Added to NRS by 1975, 1035; A 1979, 748; 2009, 1575)
2023 Nevada Revised Statutes › Chapter 286 - Public Employees’ Retirement › NRS 286.290 - Conditions for membership in System.

1. No person may become a member of the System unless the person is in the service of a public employer.
2. Except as otherwise provided in this chapter, all public employers shall participate in the System and their employees shall be members of the System.
[Part 8:181:1947; A 1949, 174; 1951, 269]
2023 Nevada Revised Statutes › Chapter 286 - Public Employees’ Retirement › NRS 286.293 - Persons required to participate in System.

1. The following employees of public employers shall participate in the System:
(a) Those employed on or after July 1, 1977, in positions considered to be half-time or more according to the full-time work schedule established for that public employer.
(b) Elected officials or persons appointed to elective positions who are elected or appointed after July 1, 1975, except where excluded by NRS 286.297 and except justices of the peace and municipal judges who are allowed and who elect to participate in the Judicial Retirement Plan pursuant to NRS 1A.285.
(c) A member whose allowance is vested or who is contributing immediately before a legislative session who is employed on or after January 1, 1981, by either house of the Legislature or by the Legislative Counsel Bureau.
(d) A member of the Nevada Gaming Commission.
2. The Board shall establish standards for determining what constitutes a full-time work schedule pursuant to paragraph (a) of subsection 1.
(Added to NRS by 1975, 1038; A 1977, 1580; 1981, 448; 1999, 2616; 2005, 1000)
2023 Nevada Revised Statutes › Chapter 286 - Public Employees’ Retirement › NRS 286.297 - Persons excluded from membership in System.

The following persons are not eligible to become members of the System:
1. Inmates of state institutions even though they may be receiving compensation for services performed for the institution.
2. Independent contractors or persons rendering professional services on a fee, retainer or contract basis.
3. Except as otherwise provided in NRS 286.525, persons retired under the provisions of this chapter who are employed by a participating public employer.
4. Members of boards or commissions of the State of Nevada or of its political subdivisions when such boards or commissions are advisory or directive and when membership thereon is not compensated except for expenses incurred. Receipt of a fee for attendance at official sessions of a particular board or commission does not constitute compensation for the purpose of this subsection.
5. Students who are employed by the institution which they attend.
6. District judges, judges of the Court of Appeals and justices of the Supreme Court first elected or appointed on or after July 1, 1977, who are not enrolled in the System at the time of election or appointment.
7. Members of the professional staff of the Nevada System of Higher Education who are employed on or after July 1, 1977.
8. Persons employed on or after July 1, 1979, under the Comprehensive Employment and Training Act.
9. Except as otherwise provided in NRS 286.293, persons assigned to intermittent or temporary positions unless the assignment exceeds 6 consecutive months.
10. Persons employed on or after July 1, 1981, as part-time guards at school crossings.
11. Nurses who:
(a) Are not full-time employees;
(b) Are paid an hourly wage on a daily basis;
(c) Do not receive the employee benefits received by other employees of the same employer; and
(d) Do not work a regular schedule or are requested to work for a shift at a time.
[Part 8:181:1947; A 1949, 174; 1951, 269]—(NRS A 1975, 1039; 1977, 1581; 1979, 750, 941; 1981, 449; 1983, 129; 1989, 1558; 1993, 382, 474; 1995, 524; 2013, 1774; 2023, 2458)
2023 Nevada Revised Statutes › Chapter 286 - Public Employees’ Retirement › NRS 286.3005 - Purchase of credit for service: Public employer may purchase credit for member.

A state agency may purchase credit for service on behalf of a member only as provided in NRS 286.3007. Except as otherwise required as a result of NRS 286.537, any other public employer may pay any portion of the cost to purchase credit for service under NRS 286.300, but is not required to do so. No credit may be validated unless the cost of purchasing credit has been paid.
(Added to NRS by 1979, 759; A 1981, 111; 1985, 1022, 1711; 1989, 1560; 1991, 2357; 1999, 1965; 2007, 23rd Special Session, 18)
2023 Nevada Revised Statutes › Chapter 286 - Public Employees’ Retirement › NRS 286.3007 - Purchase by state agency of credit for service: Conditions.

Except as otherwise required as a result of NRS 286.537:
1. A state agency may enter into an agreement to pay the cost of purchasing credit for service pursuant to NRS 286.300 on behalf of a member if:
(a) The agency enters into the agreement before the member is employed;
(b) The member is employed upon the condition that the employer pay the cost of purchasing the credit; and
(c) The agreement to pay the cost of purchasing the credit is in writing, becomes part of the personnel records of the employee and is approved in advance by the State Board of Examiners.
2. If a state agency is authorized to purchase credit pursuant to subsection 1, it shall not do so until the member has completed 1 year of service in its employ.
3. If a state agency is required to reduce the number of its employees, it shall purchase credit for service pursuant to NRS 286.300 for any member who:
(a) Is eligible to purchase credit;
(b) Is eligible to retire or will be made eligible by the purchase of the credit;
(c) Agrees to retire upon completion of the purchase; and
(d) Has been employed by the agency for 5 or more years.
4. If a state agency is required to purchase credit pursuant to subsection 3, it shall pay 5 percent of the cost of purchasing the credit and an additional 5 percent of the cost for each year that the person has been employed by the agency in excess of the minimum requirement of 5 years.
(Added to NRS by 1985, 1022; A 1991, 2357; 1999, 1198)
2023 Nevada Revised Statutes › Chapter 286 - Public Employees’ Retirement › NRS 286.301 - Credit for free prior service.

A member who met all requirements for free prior service but who did not have 10 years of service credit as of July 1, 1975, is entitled to credit for free prior service as soon as the member acquires the necessary 10 years of service credit.
(Added to NRS by 1977, 1573)
2023 Nevada Revised Statutes › Chapter 286 - Public Employees’ Retirement › NRS 286.303 - Free credit for military service.

A member who met all requirements for free military credit as of May 19, 1975, but who did not have 5 years of consecutive service credit after the member’s return from the Armed Forces, is entitled to free credit for military service as soon as the member attains 5 years of consecutive service credit under the System.
(Added to NRS by 1977, 1573)
2023 Nevada Revised Statutes › Chapter 286 - Public Employees’ Retirement › NRS 286.365 - Eligibility of civilian employees of Nevada National Guard for membership in System.

1. Notwithstanding the provisions of any other section of this chapter, the Nevada National Guard shall be deemed an employing agency of the State of Nevada for the purpose of membership of the civilian employees of the Nevada National Guard in the System.
2. Except as otherwise required as a result of NRS 286.537, the membership of the civilian employees of the Nevada National Guard in the System may be retroactive at the option of the individual employee upon payment of all employee contributions for prior service. Contributions for prior service may be paid as provided in NRS 286.440.
3. No civilian employee of the Nevada National Guard is entitled to become or continue as a member of the System if such employee has or obtains retirement coverage for such employee’s position as a civilian employee under a retirement program administered by the United States Government, to the end that no dual coverage results.
(Added to NRS by 1960, 296; A 1991, 2358)
2023 Nevada Revised Statutes › Chapter 286 - Public Employees’ Retirement › NRS 286.370 - Procedure for integration of previously established retirement systems.

1. Employees whose membership in a previously established retirement system excludes them from membership in the System established by this chapter may apply to the Board in writing for the former system to be integrated into the latter System and for them to become members of the latter System. Whenever two-thirds of them and their employer, through its governing body, chief official or department head so apply, the Board may:
(a) Cause a financial and actuarial investigation of the proposed integration to be made, the cost of which shall be borne by the previously established system; and
(b) Upon such terms as are set forth in a contract between the Board and the employer, integrate the previously established system into the System established by this chapter.
2. The contract shall have no effect until notice and hearing regarding it are afforded in the manner prescribed in NRS 286.200 for the promulgation of rules by the Board.
3. Nothing in this chapter nor any action taken pursuant to it shall reduce or impair the benefits which employees who are receiving benefits from a retirement system integrated with the System provided by this chapter would have received had the integration not been effected.
[9(1):181:1947; 1943 NCL § 5230.09]
2023 Nevada Revised Statutes › Chapter 286 - Public Employees’ Retirement › NRS 286.385 - Public employee on leave of absence to serve in Nevada Legislature may remain member of System.

Except as otherwise required as a result of NRS 286.535 or 286.537:
1. A public employee on a leave of absence to serve in the Nevada Legislature may remain a contributing member of the System during the leave of absence if retirement contributions to the System are paid by the Legislator at the contribution rate otherwise applicable to the public employee as a public employee during the period in which the public employee is on the leave of absence to serve in the Nevada Legislature.
2. When a public employee on a leave of absence to serve in the Nevada Legislature continues to be a contributing member of the System pursuant to subsection 1, the employee shall pay the contributions required directly to the System. The System shall ensure that the employer of the public employee who is on a leave of absence to serve in the Nevada Legislature provides to the System documentation of the period during which the employee is on the leave of absence. The public employer is not required to pay the employer contribution during the leave of absence.
3. A public employee on a leave of absence to serve in the Nevada Legislature may elect to have the amount deducted pursuant to NRS 218C.390 paid to the System to partially offset the contributions that the employee is required to pay to remain a member of the System.
4. A public employee who makes the election authorized pursuant to this section does not accrue any service credit for retirement under the Legislators’ Retirement System after the date of the public employee’s election pursuant to this section becomes effective.
5. For the purposes of this section, "compensation" shall be deemed to be the salary paid for the position from which the employee is on leave.
(Added to NRS by 1999, 2615)
2023 Nevada Revised Statutes › Chapter 286 - Public Employees’ Retirement › NRS 286.391 - Public employee on leave to work for employee or employer association may remain member of System; purchase of credit for service.

1. A public employee on leave to work for a recognized employee or employer association may remain a member of the System if retirement contributions to the System are continued.
2. When an employee on leave continues to be a member of the System, the public employer from whom the employee is on leave shall include the payment of the contributions and all other required information on the employee’s regular monthly retirement report as provided in NRS 286.460. The public employer is not required to pay the employer contribution.
3. Except as otherwise required as a result of NRS 286.535 or 286.537, for the purposes of this section, "compensation" shall be deemed to be the salary paid for the position from which the employee is on leave.
4. Except as otherwise required as a result of NRS 286.537, any member of the System may purchase credit for any period on or after July 1, 1947, for which contributions were not paid, which qualifies under this section. The member must pay the full actuarial costs determined by the actuary.
(Added to NRS by 1981, 443; A 1985, 1712; 1991, 2360)
2023 Nevada Revised Statutes › Chapter 286 - Public Employees’ Retirement › NRS 286.401 - Termination of membership; rights of retired employee.

Membership of an employee in the System terminates upon:
1. The death of a member.
2. The withdrawal of contributions from a member’s account.
3. Receipt of retirement allowances by a member.
4. Receipt of disability allowances by a member.
A retired employee is not entitled to any right conferred by this chapter upon a member unless the provision conferring that right expressly states that it is conferred upon a retired employee.
(Added to NRS by 1975, 1040; A 1977, 1583)
2023 Nevada Revised Statutes › Chapter 286 - Public Employees’ Retirement › NRS 286.425 - Election by employee to have employer pay contributions.

At any time after January 1, 1984, an employee who is paying the employee’s contribution on the employee’s own behalf may elect to have the employee’s portion of the contribution paid by the employee’s employer in the manner provided in NRS 286.421. An employee who makes such an election may not thereafter convert to paying the employee’s own contributions.
(Added to NRS by 1983, 1930)