NRS 287.401 “Deferred compensation” defined.
64 words·~1 min read·
/nv/chapter-287-programs-for-public-employees/287-401A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
NRS 287.401 “Deferred compensation” defined. “Deferred compensation” means income which an employee of a political subdivision may legally set aside under the program, which may consist of one or more plans authorized by 26 U.S.C. § 401(a), 401(k) or 457 and which income, while invested under the program, is exempt from federal income taxes on the employee’s contributions and interest, dividends and capital gains.