Nevada Revised Statutes
Chapter 218C - Legislators’ Retirement
NRS 218C.370 - Purchase of service credit: General requirements.

Except as otherwise required as a result of NRS 218C.340:
1. Any member of the Legislators’ Retirement System may purchase all previous creditable service performed in the Legislature if the service was performed before the creation of the System. The Director must certify the inclusive dates of service of the Legislator to validate the service. The Legislator must pay the Board’s actuary for a computation of costs and pay the full cost as determined by the actuary.
2. Any Legislator who is a member of the Legislators’ Retirement System may purchase credit for any period of service for which contributions were not paid while the Legislator was receiving temporary total disability benefits for an industrial injury, if the injury was sustained in performance of the Legislator’s legislative duties for which contributions were required. The Legislator must pay the Board’s actuary for any necessary computation and must also pay the full actuarial costs determined by the actuary.
3. Any Legislator who has 5 years of contributing creditable service may purchase up to 5 years of out-of-state service performed with any federal, state, county or municipal public agency if that service is no longer creditable in another public retirement system. To validate such service, the Legislator must obtain a certification of the inclusive dates of previous service performed with the other public agency, together with certification from that agency that the Legislator’s credit is no longer creditable in another public retirement system. Upon application to retire, the Board shall determine whether the purchased service has been re-established in any other public retirement system. The Legislator must pay the Board’s actuary for the computation and pay the full actuarial cost as determined by the actuary. For the purposes of this subsection, the Federal Old-Age and Survivor’s Insurance System is not a "public retirement system."
4. Any Legislator who has at least 5 years of contributing creditable service may purchase not more than 5 years of military service regardless of when served if the service is no longer credited in the military retirement system. To validate military service, the Legislator must provide certification of the inclusive dates of active military service performed, pay the Board’s actuary for the computation and pay the full actuarial cost as determined by the actuary.
5. Any contributing Legislator may purchase previous service performed for any public employer which is not already credited in the Legislators’ Retirement System, including service as an elected officer or a person appointed to an elective office for an unexpired term. The former public employer must certify the inclusive dates of employment and number of hours regularly worked by the Legislator to validate such service. The Legislator must pay the Board’s actuary for a computation of cost and pay the full cost as determined by the actuary.
(Added to NRS by 1979, 762; A 1981, 458; 1989, 1028; 1989 Special Session, 1; 1991, 2371; 2005, 1452; 2011, 3183)

Structure Nevada Revised Statutes

Nevada Revised Statutes

Chapter 218C - Legislators’ Retirement

NRS 218C.010 - Short title.

NRS 218C.020 - Definitions.

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.160 - Legislators’ Retirement Administrative Fund: Creation and purpose; assessment of administrative fee.

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.300 - Transfer of service from Public Employees’ Retirement System; retransfer; double coverage.

NRS 218C.310 - Continuation of service under Public Employees’ Retirement System; calculation of benefits.

NRS 218C.320 - Membership in System mandatory; exceptions; contributions; designation and change of beneficiary.

NRS 218C.330 - Election not to participate as member of System; effect of termination of participation.

NRS 218C.340 - Limitations on contributions and benefits under federal law.

NRS 218C.350 - Computation of service credit.

NRS 218C.360 - Computation of service credit for legislative service before July 1, 1967; contributions.

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.450 - Minimum requirement for retirement; effect of lapse in service; reduction in benefits for early retirement.

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.540 - Computation of benefits payable to Legislator who became member of System before January 1, 1990.

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.

NRS 218C.590 - Effect on benefits if member is elected or appointed to certain offices after retirement.

NRS 218C.700 - Forfeiture for commission of certain crimes; return of contributions to member; applicability.