Nevada § 218C.300 - Transfer of service from Public Employees' Retirement System; retransfer; double coverage

§ 218C.300. Transfer of service from Public Employees' Retirement System; retransfer; double coverage

1. Within a reasonable time after July 1, 1967, the Board shall notify all incumbent

Legislators in writing concerning credit for service, other than legislative service,

covered under the Public Employees' Retirement System. Unless the Legislator requests in writing within 30 days after receipt of such written

notice that his or her service, other than legislative service, be continued under

the Public Employees' Retirement System, the Board shall transfer from the Public

Employees' Retirement Fund all sums contributed by the Legislator through service,

other than legislative service, together with the sums contributed by his or her employer

for such service. The service so transferred shall be accredited under the Legislators' Retirement

System as if performed in a legislative capacity. Service so transferred may be retransferred to the Public Employees' Retirement

System, and the related contributions shall then be returned to the Public Employees'

Retirement Fund, at any time when the person ceases to be a Legislator and re-establishes

membership in the Public Employees' Retirement System. 2. Except as otherwise provided in NRS 286.385 or for the transfer of service from the Public Employees' Retirement System to the

Legislators' Retirement System, as provided in this section, service after July 1,

1967, as a Legislator cannot be accredited under the Public Employees' Retirement

System and service in capacities covered by the Public Employees' Retirement System

cannot be accredited under the Legislators' Retirement System. 3. Nothing in this chapter or in any other law prevents or prohibits coverage of a

person under both the Public Employees' Retirement System and the Legislators' Retirement

System when service is compatible with the provisions of each system. 4. Legislators receiving retirement allowances from the Public Employees' Retirement

System on July 1, 1967, are not eligible for transfer to the Legislators' Retirement

System.