NRS 218C.300 Transfer of service from Public Employees’ Retirement System; retransfer; double coverage.

308 words·~1 min read·/nv/chapter-218c-legislators-retirement/218c-300·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

1. Within a reasonable time after July 1, 1967, the Board shall notify all incumbent Legislators in writing concerning credit for service, other than legislative service, covered under the Public Employees’ Retirement System. Unless the Legislator requests in writing within 30 days after receipt of such written notice that his or her service, other than legislative service, be continued under the Public Employees’ Retirement System, the Board shall transfer from the Public Employees’ Retirement Fund all sums contributed by the Legislator through service, other than legislative service, together with the sums contributed by his or her employer for such service.

The service so transferred shall be accredited under the Legislators’ Retirement System as if performed in a legislative capacity. Service so transferred may be retransferred to the Public Employees’ Retirement System, and the related contributions shall then be returned to the Public Employees’ Retirement Fund, at any time when the person ceases to be a Legislator and re-establishes membership in the Public Employees’ Retirement System.

2. Except as otherwise provided in NRS 286.385 or for the transfer of service from the Public Employees’ Retirement System to the Legislators’ Retirement System, as provided in this section, service after July 1, 1967, as a Legislator cannot be accredited under the Public Employees’ Retirement System and service in capacities covered by the Public Employees’ Retirement System cannot be accredited under the Legislators’ Retirement System.

3. Nothing in this chapter or in any other law prevents or prohibits coverage of a person under both the Public Employees’ Retirement System and the Legislators’ Retirement System when service is compatible with the provisions of each system.

4. Legislators receiving retirement allowances from the Public Employees’ Retirement System on July 1, 1967, are not eligible for transfer to the Legislators’ Retirement System.