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Code · Nevada · CHAPTER 218C - LEGISLATORS’ RETIREMENT

NRS 218C.390 Deduction and payment of contributions.

121 words·~1 min read·/nv/chapter-218c-legislators-retirement/218c-390·

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NRS 218C.390 Deduction and payment of contributions. Except as otherwise provided in NRS 286.385 , the Director shall:
1. Deduct from the compensation of each Legislator who is a member of the Legislators’ Retirement System an amount equal to 15 percent of the gross compensation earned as a Legislator and transmit that amount to the Board together with the necessary forms prescribed by the Board at intervals designated by the Board; and
2. Pay to the Board from the Legislative Fund an amount as the contribution of the State of Nevada as employer which is actuarially determined to be sufficient to provide the System with enough money to pay all benefits for which the System will be liable.
ELIGIBILITY FOR RETIREMENT
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