US Lawyer Database

For Lawyer-Seekers

YOU DESERVE THE BEST LAWYER

NRS 286.533 – Limitation on distributions to members of System.

Notwithstanding any other provision of law, every distribution to a member must be made pursuant to the provisions of section 401(a)(9) of the Internal Revenue Code, 26 U.S.C. § 401(a)(9), that apply to governmental plans. (Added to NRS by 1991, 2354; A 2011, 823)

NRS 286.535 – Limitation on compensation used to determine retirement benefit.

Notwithstanding any other provision of law, the amount of compensation used to determine the retirement benefit of a member of the System must not exceed: 1. For persons who first became members of the System before July 1, 1996, the limitation provided by section 401(a)(17) of the Internal Revenue Code (26 U.S.C. § 401(a)(17)), as […]

NRS 286.537 – Limitations on benefits and contributions.

1. The election provided by section 415(b)(10)(c) of the Internal Revenue Code (26 U.S.C. § 415(b)(10)(c)) is hereby made. 2. Notwithstanding any other provision of this chapter, the benefits payable to and the contributions made by or for the benefit of an employee whose effective date of membership is on or after January 1, 1990, […]

NRS 286.541 – Application for service retirement allowance or disability retirement allowance; effective date of retirement; rights of present or former spouse; System exempted from liability for false designation of marital status by member or retired member.

1. Applications for service retirement allowances or disability retirement allowances must be submitted to the offices of the System on forms approved by the Executive Officer. The form shall not be deemed filed unless it contains: (a) The member’s selection of the retirement plan contained in NRS 286.551 or one of the optional plans provided […]

NRS 286.545 – Consent of spouse to retirement plan of member.

1. If the spouse of the member does not consent to the retirement plan chosen by the member before the date on which the retirement becomes effective pursuant to NRS 286.541 the System shall: (a) Notify the spouse that the spouse has 90 days to consent or have the member change the member’s selection; and […]

NRS 286.551 – Determination of monthly service retirement allowance.

Except as otherwise required as a result of NRS 286.535 or 286.537: 1. Except as otherwise provided in subsection 2: (a) For a member who has an effective date of membership before January 1, 2010, a monthly service retirement allowance must be determined by multiplying the member’s average compensation by 2.5 percent for each year […]

NRS 286.575 – Postretirement increases: Payment; effect on monthly benefit.

1. Except as otherwise required as a result of NRS 286.537, a postretirement allowance must be paid from the Public Employees’ Retirement Fund or the Police and Firefighters’ Retirement Fund to each member receiving a disability allowance or service retirement allowance from that Fund under the provisions of this chapter in the amount and manner […]

NRS 286.5765 – Postretirement increases: Persons retired before July 1, 1963; persons retired before September 1, 1975, with 20 years’ credit for service; persons retired before July 1, 1989, with 20 years’ credit for service; separate account.

1. The System shall provide an increase of $80 per month for all public employees who retired before July 1, 1963, in addition to the amounts to which they were respectively entitled on April 1, 1975. 2. An employee who retired before September 1, 1975, with 20 or more years of credit for service, whose […]

NRS 286.5775 – Postretirement increases: Increases based on years allowance received; beneficiaries of deceased employees; limitations.

1. In addition to the other postretirement allowances and increases provided by law, if adequate money is available which has been designated for this purpose, the Public Employees’ Retirement System shall provide a postretirement increase based upon the total number of calendar years that the recipient has been receiving an allowance. The increases are payable […]

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— […]