1. The Board of Regents of the University of Nevada shall provide a retirement program separate from the Public Employees’ Retirement System. The program must provide retirement and death benefits for members of the professional staff. The State and the participants shall contribute to the cost of the program. 2. A person employed as a […]
1. The retirement program may be a separate system or fund or may participate in a larger system or fund with respect to some or all of the benefits provided under the program. The benefits under the retirement program may be provided through any investment entity or combination of entities, including, but not limited to: […]
1. The Board of Regents of the University of Nevada shall contribute on behalf of each participant an amount equal to 10 percent of the participant’s gross compensation during continuance of employment. Each participant shall also contribute 10 percent of the participant’s gross compensation, but the contributions required by this section must not be less […]
The Board of Regents of the University of Nevada shall designate the investment entities to provide investment services under the retirement program and shall approve the form and contents of the contracts. In making the designation and giving the approval, the Board shall consider: 1. The nature and extent of the rights and benefits to […]
The Board of Regents of the University of Nevada shall provide for the administration of the program and perform all functions which may be necessary for the accomplishment of the program. (Added to NRS by 1969, 243; A 1977, 1597)
Any member of the professional staff of the Nevada System of Higher Education enrolled in the retirement program is ineligible for membership in the Public Employees’ Retirement System so long as the member remains continuously employed in any position by the Nevada System of Higher Education and continues in the retirement program. (Added to NRS […]
A retirement, death or other benefit must not be paid by the State of Nevada or the Board of Regents of the University of Nevada under the retirement program. Benefits are payable to participating employees or their beneficiaries only by the designated investment entities in accordance with the terms of the contracts. (Added to NRS […]
