NRS 218C.320 Membership in System mandatory; exceptions; contributions; designation and change of beneficiary.

205 words·~1 min read·/nv/chapter-218c-legislators-retirement/218c-320·

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

1. Except as otherwise provided in NRS 218C.330 or 286.385 or required as a result of NRS 218C.340 , each Legislator must be a member of the Legislators’ Retirement System and shall make contributions to the Legislators’ Retirement Fund in the amounts and manner provided in this chapter.

2. Within 5 days after the commencement of each regular or special session, each Legislator who is a member of the Legislators’ Retirement System and who has not previously filed a beneficiary designation form with the Board shall file with the Board, upon a form provided by the Board, the designation of a beneficiary who is entitled to receive the contributions of the Legislator in case of death before retirement or termination of services as a Legislator and subsequent withdrawal of contributions.

If no beneficiary is designated, payment must be made to the estate of the deceased Legislator. Payment may be made directly to the designated beneficiary without probate or administration of the estate of the deceased Legislator.

3. A beneficiary may be changed at any time by written notice given by a Legislator to the Board on a form prescribed by the Board.