1. Three members of the Board must be persons who:
(a) Have had at least 10 years of service as employees of the State of Nevada or its political subdivisions;
(b) Are not elected officers of the State of Nevada or its political subdivisions;
(c) Are active members of the System; and
(d) Are appointed from written nominations submitted by the following groups:
(1) Employees of the State and the Nevada System of Higher Education;
(2) The academic staff of school districts;
(3) Employees of cities, excluding Carson City;
(4) Employees of counties, including Carson City and excluding employees of county hospitals;
(5) Employees of county hospitals, public utilities, power districts, sanitation districts, classified school employees and employees of other districts as determined by the Board; and
(6) Employees whose current positions entitle them to participate in the Police and Firefighters’ Retirement Fund.
Each nominee must be a member of the group or organization that is nominating the nominee.
2. Two members of the Board must be persons who:
(a) Have had at least 10 years of service as employees of the State of Nevada or its political subdivisions;
(b) Are not elected officers of the State of Nevada or its political subdivisions;
(c) Are active members of the System; and
(d) Are appointed from written nominations submitted by the following groups:
(1) Administrators of school districts or members of boards of trustees of school districts; and
(2) Members of boards of county commissioners or the governing bodies of cities or administrators of counties or cities.
3. One member of the Board must be a person who:
(a) Is an employee of the State of Nevada or its political subdivisions with at least 10 years of service;
(b) Is serving in a position at least equivalent to the manager of a department or division;
(c) Is not an elected officer of the State of Nevada or its political subdivisions; and
(d) Is an active member of the System.
4. One member of the board must be a person who:
(a) Has had at least 10 years of service as an employee of the State of Nevada or its political subdivisions;
(b) Is not an elected officer of the State of Nevada or its political subdivisions; and
(c) Is receiving an allowance for service or disability retirement pursuant to this chapter.
5. A member of the Board shall serve for 4 years, so long as the member has the qualifications required by this section, and until the member’s successor is appointed and takes office. A member of the Board who no longer has the qualifications specified in the subsection under which the member was appointed may serve the remainder of the member’s term if the member loses those qualifications in the final 24 months of the member’s term.
[Part 5:181:1947; A 1949, 174; 1943 NCL § 5230.05]—(NRS A 1973, 1413; 1975, 1030; 1981, 445; 1987, 1522; 1991, 2355; 1993, 381; 2003, 2052)
Structure Nevada Revised Statutes
Chapter 286 - Public Employees’ Retirement
NRS 286.015 - Declaration of state policy; purpose of chapter.
NRS 286.017 - "Actuarial computation" defined.
NRS 286.020 - "Board" defined.
NRS 286.025 - "Compensation" defined.
NRS 286.031 - "Disability retirement allowance" defined.
NRS 286.040 - "Employee" defined.
NRS 286.042 - "Firefighter" defined.
NRS 286.045 - "Independent contractor" defined.
NRS 286.050 - "Member" defined.
NRS 286.061 - "Police officer" defined.
NRS 286.065 - "Postretirement increase" defined.
NRS 286.070 - "Public employer" defined.
NRS 286.078 - "Service" defined.
NRS 286.080 - "Service retirement allowance" defined.
NRS 286.100 - "System" defined.
NRS 286.117 - Limitations on review and copying of certain records; waiver.
NRS 286.130 - Qualifications of members of Board; terms.
NRS 286.150 - Monthly meetings of Board; certain closed meetings; designation and term of Chair.
NRS 286.170 - Administration of System; compensation and removal of employees.
NRS 286.180 - Compensation and expenses of members of Board.
NRS 286.190 - General powers and duties of Board.
NRS 286.200 - Rules and regulations of Board: Procedure for adoption; conditions.
NRS 286.211 - Duties of Board: Police and Firefighters’ Retirement Fund.
NRS 286.220 - Public Employees’ Retirement Fund.
NRS 286.225 - Police and Firefighters’ Retirement Fund.
NRS 286.227 - Police and Firefighters’ Retirement Fund Advisory Committee.
NRS 286.230 - Public Employees’ Retirement Administrative Fund.
NRS 286.260 - Individual accounts of members; liability of Board upon return of contributions.
NRS 286.287 - Board to consider investments: Meetings; duties.
NRS 286.290 - Conditions for membership in System.
NRS 286.293 - Persons required to participate in System.
NRS 286.297 - Persons excluded from membership in System.
NRS 286.3005 - Purchase of credit for service: Public employer may purchase credit for member.
NRS 286.3007 - Purchase by state agency of credit for service: Conditions.
NRS 286.301 - Credit for free prior service.
NRS 286.303 - Free credit for military service.
NRS 286.365 - Eligibility of civilian employees of Nevada National Guard for membership in System.
NRS 286.370 - Procedure for integration of previously established retirement systems.
NRS 286.401 - Termination of membership; rights of retired employee.
NRS 286.425 - Election by employee to have employer pay contributions.
NRS 286.430 - Withdrawal of contributions.
NRS 286.435 - Repayment upon retroactive reinstatement.
NRS 286.440 - Redeposit of withdrawn contributions upon return to service: Procedure.
NRS 286.450 - Rate of contributions by public employer.
NRS 286.460 - Remittance of contributions by public employers.
NRS 286.462 - Complaint to Department of Taxation required concerning delinquent report or payment.
NRS 286.477 - Credit for part-time employment; loss of credit.
NRS 286.479 - Service credit for military service in Persian Gulf Crisis.
NRS 286.481 - Service ineligible for credit.
NRS 286.486 - Service credited in another system ineligible; exception.
NRS 286.495 - Computation of credit for service: Generally.
NRS 286.505 - Conversion of credit for service; time for crediting service.
NRS 286.520 - Employment of retired employee: Consequences; notice; exemptions.
NRS 286.533 - Limitation on distributions to members of System.
NRS 286.534 - Actuarial assumptions used in computing benefits: Availability; changes prohibited.
NRS 286.535 - Limitation on compensation used to determine retirement benefit.
NRS 286.537 - Limitations on benefits and contributions.
NRS 286.539 - Prohibition against applying forfeitures to increase benefits.
NRS 286.545 - Consent of spouse to retirement plan of member.
NRS 286.551 - Determination of monthly service retirement allowance.
NRS 286.575 - Postretirement increases: Payment; effect on monthly benefit.
NRS 286.578 - Postretirement increases: Increases payable July 1, 1979, and July 1, 1980.
NRS 286.5785 - Postretirement increases: Increases payable July 1, 1981, and July 1, 1982.
NRS 286.590 - Alternatives to unmodified service retirement allowance.
NRS 286.612 - Charges for deferred protection: Termination; adjustments of allowances or benefits.
NRS 286.634 - Disability retirement allowance: Effective date of retirement.
NRS 286.638 - Disability retirement allowance: Reporting to Internal Revenue Service.
NRS 286.640 - Disability retirement allowance: Cancellation.
NRS 286.650 - Disability retirement allowance: Consequences of employment of recipient.
NRS 286.655 - Payments for rehabilitation in lieu of disability retirement allowance.
NRS 286.673 - Payments to child of deceased member.
NRS 286.674 - Payments to spouse of deceased member.
NRS 286.6765 - Payments to spouse if deceased member was eligible to retire.
NRS 286.6766 - Payment in lump sum to spouse; exception.
NRS 286.6767 - Designation of survivor beneficiary and additional payees by member.
NRS 286.677 - Payment to dependent parents; conditions.
NRS 286.6775 - Limitation on and reduction of amount of monthly allowance.
NRS 286.679 - Disposition of surplus of contributions if payments to beneficiary cease.
NRS 286.6793 - Time of vesting; vesting of benefits upon termination of System.
NRS 286.682 - Authorized investments: "Prudent person" standard.
NRS 286.703 - "Active business operations" defined.
NRS 286.705 - "Business operations" defined.
NRS 286.707 - "Company" defined.
NRS 286.709 - "Direct holdings" defined.
NRS 286.711 - "Inactive business operations" defined.
NRS 286.715 - "Petroleum resources" defined.
NRS 286.717 - "Scrutinized business operations" defined.
NRS 286.719 - "Scrutinized company" defined.
NRS 286.721 - Board to identify, review and create list of investments in scrutinized companies.
NRS 286.723 - Board to prepare report of investments in scrutinized companies.
NRS 286.725 - Inapplicability to certain investments.
NRS 286.737 - "Boycott of Israel" defined.
NRS 286.739 - "Company" defined.
NRS 286.741 - "Direct holdings" defined.
NRS 286.743 - "Public fund" defined.
NRS 286.745 - "Scrutinized company" defined.
NRS 286.747 - Board to identify, review and create list of investments in scrutinized companies.
NRS 286.749 - Board to prepare report of investments in scrutinized companies.
NRS 286.808 - Contributions; payment by Board of Regents on behalf of participant.
NRS 286.810 - Designation of investment entities; approval of contracts.
NRS 286.812 - Administration of program.
NRS 286.814 - Participants ineligible for membership in Public Employees’ Retirement System.
NRS 286.816 - Benefits payable only by designated investment entities.
NRS 286.820 - False statement or certification; withholding of information.