Assembly Bill No. 63

Assembly Bill No. 63-Committee on Government Affairs

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AN ACT relating to deferred compensation for state employees; providing compensation for the retired member of the committee for deferred compensation for state employees; and providing other matters properly relating thereto.

[Approved March 31, 1997]

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

Section 1. NRS 287.325 is hereby amended to read as follows:
287.325 1. The governor shall appoint a committee to administer the program. The committee must consist of:
(a) Three members who are employed by state agencies whose payrolls are administered by the department of personnel;
(b) One member who is employed by a state agency whose payroll is administered by an entity other than the department of personnel; and
(c) One member who has retired from employment by the [state] State of Nevada or the University and Community College System of Nevada.
Each member of the committee must be a participant in the program, have participated in the program for not less than 2 years and have been nominated for membership by five or more persons who have each participated in the program for not less than 6 months.
2. After their initial terms, members of the committee serve terms of 4 years or until their successors have been appointed and have qualified.
3. A vacancy on the committee occurs when a member dies, resigns or becomes ineligible for membership on the committee. A person becomes ineligible for membership on the committee when:
(a) He ceases to be a participant in the program; or
(b) Except as otherwise provided in this paragraph, he ceases to have the qualifications for membership required by the paragraph of subsection 1 under which he was appointed. A member of the committee who ceases to have those qualifications may serve the remainder of his term if that period does not exceed 24 months.
4. The member appointed pursuant to paragraph (c) of subsection 1 must be compensated $80 per day from money appropriated from the program pursuant to NRS 287.365 for attending a meeting of the committee and for acting at the direction of or on behalf of the committee.
5. For the purposes of this section, "participant in the program" means a person who is:
(a) Deferring compensation pursuant to the program;
(b) Maintaining deferred compensation in the program; or
(c) Receiving payments of deferred compensation pursuant to the program.
Sec. 2. NRS 287.365 is hereby amended to read as follows:
287.365 No money may be withdrawn or appropriated from the program, except:
1. For payment to a participant or beneficiary of a participant pursuant to the terms of the program;
2. In the amount required to pay the necessary expenses of administering the program; [or]
3. As specifically authorized by federal law or regulation or by a special act of the legislature [.] ; or
4. To compensate the member of the committee appointed pursuant to paragraph (c) of subsection 1 of NRS 287.325.
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