Except as otherwise provided in NRS 286.385, the Director shall:
1. Deduct from the compensation of each Legislator who is a member of the Legislators’ Retirement System an amount equal to 15 percent of the gross compensation earned as a Legislator and transmit that amount to the Board together with the necessary forms prescribed by the Board at intervals designated by the Board; and
2. Pay to the Board from the Legislative Fund an amount as the contribution of the State of Nevada as employer which is actuarially determined to be sufficient to provide the System with enough money to pay all benefits for which the System will be liable.
(Added to NRS by 1967, 1220; A 1975, 1066; 1985, 1722; 1989, 1029; 1989 Special Session, 1; 1999, 2624; 2005, 1452; 2011, 3184)
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.