Nevada § 1A.210 Fund to pay accrued benefits that are not payable because of certain limitations; benefits paid from fund

Nevada Statutes

§ 1A.210 — Fund to pay accrued benefits that are not payable because of certain limitations; benefits paid from fund

Nevada·Title 1 STATE JUDICIAL DEPARTMENT·Ch. 1A Judicial· ADMINISTRATION

1.The Board may establish a fund to pay the accrued benefits of a member of the System that are not payable because of the limitations set forth in NRS 1A.410 . The fund must be established in accordance with the provisions of section 415(m) of the Internal Revenue Code, 26 U.S.C. § 415(m), and must be separate from the Judicial Retirement Fund.

2.If the Board establishes a fund pursuant to subsection 1, the benefits that are required to be paid from the fund must be paid from money in the fund.

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1. The Board may establish a fund to pay the accrued benefits of a member of the System that are not payable because of the limitations set forth in NRS 1A.410 . The fund must be established in accordance with the provisions of section 415(m) of the Internal Revenue Code, 26 U.S.C. § 415(m), and must be separate from the Judicial Retirement Fund.
2. If the Board establishes a fund pursuant to subsection 1, the benefits that are required to be paid from the fund must be paid from money in the fund.

Nevada § 1A.210 (Fund to pay accrued benefits that are not payable because of certain limitations; benefits paid from fund) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.