NRS 287.440 Governing body may appoint committee to administer program; powers of committee.

131 words·~1 min read·/nv/chapter-287-programs-for-public-employees/287-440

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

1. The governing body of a political subdivision may appoint a committee to which it may delegate the responsibility for administering the program for its employees, including:

(a)Collection of deferred compensation;

(b)Transmittal of money collected to depositories within the State; and

(c)Payment of deferred compensation to participating employees.

2. The committee may contract with a private person, corporation, institution or other entity, directly or through an agency of the political subdivision, for services necessary to the administration of the plan, including without limitation:

(a)Consolidated billing;

(b)Recordkeeping for each participating employee and the program;

(c)Purchase, control and safeguarding of assets;

(d)Communication with its employees; and

(e)Administration and coordination of the program.