Nevada § 218C.380 Purchase of service credit: Deferred payment; contributions; administrative fees

Nevada Statutes

§ 218C.380 — Purchase of service credit: Deferred payment; contributions; administrative fees

Nevada § 218C.380

Title 17STATE LEGISLATIVE DEPARTMENT

Ch. 218CLegislators’

MEMBERSHIP AND PARTICIPATION

This text of Nevada § 218C.380 (Purchase of service credit: Deferred payment; contributions; administrative fees) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 218C.380 (2026).

Text

1.Except as otherwise required as a result of NRS 218C.340 , a Legislator who provides proper documentation and establishes the right to purchase any of the service listed in NRS 218C.370 may defer payment until actual retirement. Under this subsection, the purchase of service must be based on the full actuarial cost based upon the age of the member at the time of purchase. Service purchased under this subsection may not be credited until retirement. This service can be used for service retirement eligibility.

2.The Legislative Commission may pay any portion of the cost to validate service under NRS 218C.370 , but is not required to do so. No credit may be validated unless both the employer and the employee contributions have been paid.

3.The Legislator or Legislative Commission, or bot

Free access — add to your briefcase to read the full text and ask questions with AI

1. Except as otherwise required as a result of NRS 218C.340 , a Legislator who provides proper documentation and establishes the right to purchase any of the service listed in NRS 218C.370 may defer payment until actual retirement. Under this subsection, the purchase of service must be based on the full actuarial cost based upon the age of the member at the time of purchase. Service purchased under this subsection may not be credited until retirement. This service can be used for service retirement eligibility.
2. The Legislative Commission may pay any portion of the cost to validate service under NRS 218C.370 , but is not required to do so. No credit may be validated unless both the employer and the employee contributions have been paid.
3. The Legislator or Legislative Commission, or both, purchasing credit under NRS 218C.370 shall pay the full current administrative fees for each month of service purchased.