NRS 286.579 Postretirement increases: Increase for persons receiving benefits before January 1, 1977.
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NRS 286.579 Postretirement increases: Increase for persons receiving benefits before January 1, 1977.
1. In addition to the other postretirement allowances and increases provided by law, the System shall provide a monthly postretirement increase to each person who began receiving benefits before January 1, 1977, or to the person’s designated beneficiary upon the person’s death in these amounts:
Base Benefit Monthly Increase
$0—$100...................................................................................................... $20
101— 200......................................................................................................... 15
201— 300......................................................................................................... 10
301— 500........................................................................................................... 5
501 and above.................................................................................................... 3
2. A single postretirement increase pursuant to this section must be prorated among two or more recipients of benefits for survivors on behalf of one deceased member.