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Code · Nevada · CHAPTER 286 - PUBLIC EMPLOYEES’ RETIREMENT

NRS 286.6775 Limitation on and reduction of amount of monthly allowance.

106 words·~1 min read·/nv/chapter-286-public-employees-retirement/286-6775·

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NRS 286.6775 Limitation on and reduction of amount of monthly allowance. The amount of each monthly allowance paid since May 19, 1977, as specified in NRS 286.673 to 286.677 , inclusive, shall not exceed the deceased member’s average compensation and shall be reduced by the amount of any other benefit received from any source:
1. If that benefit was provided or purchased by the expenditure of money by a public employer in this state, except for lump-sum payments under a group insurance program; and
2. To the extent that the total of the allowance and the other benefit would otherwise exceed the deceased member’s average compensation.
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