1. The board of trustees of any school district in this state may purchase an annuity or shares for any teacher, principal, superintendent of schools or other employee of that district under a plan which meets the requirements 26 U.S.C. § 403(b).
2. That purchase must be made only upon the written request of the employee and upon an agreement in writing that:
(a) The payments made constitute an allocable part of that employee’s total compensation, as that term is defined in NRS 286.025;
(b) The annuity or shares so purchased are the property of that employee and all rights thereunder are nontransferable and nonforfeitable except for a failure to make required payments; and
(c) The board of trustees has no liability under any such arrangement.
3. All requests under this section must be received and acted upon without discrimination so long as the employee is within the class of persons entitled by law to enjoy the benefits of the provisions of 26 U.S.C. § 403(b).
4. The shares purchased must be those of a regulated investment company as permitted under 26 U.S.C. § 403(b)(7).
(Added to NRS by 1965, 712; A 1975, 1065; 1985, 794)
Structure Nevada Revised Statutes
NRS 391.005 - "Commission" defined.
NRS 391.008 - "Paraprofessional" defined.
NRS 391.0085 - "Statewide Central Registry" defined.
NRS 391.0088 - "Veteran" defined.
NRS 391.011 - Creation; membership.
NRS 391.013 - Limitation on terms of certain members.
NRS 391.027 - Approval or disapproval of Commission’s regulations by State Board of Education.
NRS 391.028 - Annual report concerning status of Commission’s regulations and work plan.
NRS 391.029 - Provision of personnel; location of offices.
NRS 391.031 - Kinds of licenses.
NRS 391.051 - License is revocable privilege.
NRS 391.053 - "Arrest" defined.
NRS 391.057 - Timely submission of information by school district or charter school.
NRS 391.070 - Employment of alien teacher through program of exchange permitted.
NRS 391.094 - State Board required to prescribe examination for certain paraprofessionals.
NRS 391.103 - "Unsupervised contact" defined.
NRS 391.1035 - "Volunteer" defined.
NRS 391.105 - Conditions under which volunteer not required to submit fingerprints.
NRS 391.115 - Consideration of military education, training or occupational experience.
NRS 391.135 - Determination of number of job vacancies; reporting.
NRS 391.145 - Involuntary transfer or reassignment of unlicensed employees.
NRS 391.162 - Determination of salaries: Increased salary for certain speech-language pathologists.
NRS 391.167 - Determination of salaries: Credit for previous teaching service.
NRS 391.169 - Determination of salaries: Credit for previous administrative service.
NRS 391.200 - Salaries of teachers are prior claims on school district fund.
NRS 391.2055 - Legislative declaration.
NRS 391.210 - Exercise of trustees’ authority in school by certain personnel.
NRS 391.240 - Teachers: Keeping register of pupils.
NRS 391.270 - Teachers: Holding pupils to account for conduct.
NRS 391.292 - Duties of school nurse.
NRS 391.293 - Duties, authority and supervision of school counselor.
NRS 391.294 - Authority and supervision of school psychologist.
NRS 391.296 - Authority and supervision of school social worker.
NRS 391.301 - "Employee" defined.
NRS 391.309 - Effect of provisions.
NRS 391.320 - Suspension or revocation of teacher’s license by State Board.
NRS 391.340 - Revocation or forfeiture for falsely reporting pupils’ attendance.
NRS 391.355 - Procedure for conduct of hearings.
NRS 391.365 - Reimbursement for cost of course work to receive endorsement.
NRS 391.369 - Account for Computer Education and Technology.
NRS 391.380 - Annuities or shares for employees: Purchase; conditions.
NRS 391.450 - "Council" defined.
NRS 391.475 - Electronic tool for providing documents concerning evaluations.
NRS 391.490 - "Task Force" defined.
NRS 391.494 - Qualifications of members; application for membership.
NRS 391.655 - Applicability of NRS 391.650 to 391.826, inclusive; exceptions.
NRS 391.720 - Procedures for transfer or reassignment of administrators and appeal to board.
NRS 391.780 - Request for hearing: Action by superintendent.
NRS 391.785 - Procedures for hearing; payment for expenses of hearing officer and transcript.
NRS 391.855 - "Local educational agency" defined.
NRS 391.860 - "Sexual misconduct" defined.
NRS 391.865 - "Sexual offense" defined.
NRS 391.910 - Provisional employment pending review of information.
NRS 391.915 - Certain rights not affected by provisions.