286.814 - Participants ineligible for membership in Public Employees’ Retirement System.
286.814 Participants ineligible for membership in Public Employees’ Retirement System. Any member of the professional staff of the Nevada System of Higher Education enrolled in the retirement program is ineligible for membership in the Public Employees’ Retirement System so long as the member remains continuously employed in any position by the Nevada System of Higher Education and continues in the retirement program.
(Added to NRS by 1969, 244; A 1977, 1597; 1993, 385)
NRS 286.816 Benefits payable only by designated investment entities. A retirement, death or other benefit must not be paid by the State of Nevada or the Board of Regents of the University of Nevada under the retirement program. Benefits are payable to participating employees or their beneficiaries only by the designated investment entities in accordance with the terms of the contracts.
(Added to NRS by 1969, 244; A 1977, 1598; 1993, 482; 1995, 526)