1. Except as otherwise provided in NRS 218C.330 or 286.385 or required as a result of NRS 218C.340, each Legislator must be a member of the Legislators’ Retirement System and shall make contributions to the Legislators’ Retirement Fund in the amounts and manner provided in this chapter.
2. Within 5 days after the commencement of each regular or special session, each Legislator who is a member of the Legislators’ Retirement System and who has not previously filed a beneficiary designation form with the Board shall file with the Board, upon a form provided by the Board, the designation of a beneficiary who is entitled to receive the contributions of the Legislator in case of death before retirement or termination of services as a Legislator and subsequent withdrawal of contributions. If no beneficiary is designated, payment must be made to the estate of the deceased Legislator. Payment may be made directly to the designated beneficiary without probate or administration of the estate of the deceased Legislator.
3. A beneficiary may be changed at any time by written notice given by a Legislator to the Board on a form prescribed by the Board.
(Added to NRS by 1967, 1219; A 1971, 238; 1991, 2371; 1999, 2624; 2005, 1451; 2011, 3182)
Structure Nevada Revised Statutes
Chapter 218C - Legislators’ Retirement
NRS 218C.040 - "Board" defined.
NRS 218C.080 - "Retirement allowance" defined.
NRS 218C.100 - Establishment of System.
NRS 218C.110 - Effect of termination or partial termination of System.
NRS 218C.150 - System administered by Public Employees’ Retirement Board; rules.
NRS 218C.170 - Legislators’ Retirement Fund: Creation and purpose; sources; payments.
NRS 218C.180 - Legislators’ Retirement Fund: Administration and investment.
NRS 218C.190 - Legislators’ Retirement Fund: Report of income and disbursements.
NRS 218C.200 - Administration of accounts of members and recipients of benefits.
NRS 218C.340 - Limitations on contributions and benefits under federal law.
NRS 218C.350 - Computation of service credit.
NRS 218C.370 - Purchase of service credit: General requirements.
NRS 218C.380 - Purchase of service credit: Deferred payment; contributions; administrative fees.
NRS 218C.390 - Deduction and payment of contributions.
NRS 218C.500 - Determination of monthly benefits.
NRS 218C.510 - Additional benefits; cost-of-living increases.
NRS 218C.520 - Limitation on distributions to members of System.
NRS 218C.530 - Limitation on compensation used to determine benefits.
NRS 218C.550 - Actuarial assumptions used in computation of benefits.
NRS 218C.560 - Prohibition against applying forfeitures to increase benefits.
NRS 218C.570 - Options for payment of benefits to designated beneficiary after member’s death.
NRS 218C.580 - Benefits for survivors.
NRS 218C.582 - Benefits for spouse of member killed in course of legislative service.
NRS 218C.584 - Benefits for survivors of member killed in course of legislative service.