Nevada § 286.241 Fund to pay accrued benefits that are not payable because of certain limitations; benefits paid from employer contributions

Nevada Statutes

§ 286.241 — Fund to pay accrued benefits that are not payable because of certain limitations; benefits paid from employer contributions

Nevada § 286.241

Title 23PUBLIC OFFICERS AND EMPLOYEES

Ch. 286Public

ADMINISTRATION

This text of Nevada § 286.241 (Fund to pay accrued benefits that are not payable because of certain limitations; benefits paid from employer contributions) 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. § 286.241 (2026).

Text

1. The Board may establish a fund to pay the accrued benefits of a member that are not payable because of the limitations set forth in NRS 286.537 . 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 Public Employees’ 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 a portion of the employer contributions required to be paid pursuant to NRS 286.450 . The Board shall:

(a)Determine the amount of the employer contributions that must be allocated to the fund; and

(b)Deposit that amount in the fund before it deposits any remaining employer contributions in the Public Employees’ Retir

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1. The Board may establish a fund to pay the accrued benefits of a member that are not payable because of the limitations set forth in NRS 286.537 . 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 Public Employees’ 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 a portion of the employer contributions required to be paid pursuant to NRS 286.450 . The Board shall:
(a) Determine the amount of the employer contributions that must be allocated to the fund; and
(b) Deposit that amount in the fund before it deposits any remaining employer contributions in the Public Employees’ Retirement Fund.