Nevada § 218E.420 - Creation; membership; budget; officers; meetings; investigations; hearings; compensation, allowances and expenses of members

§ 218E.420. Creation; membership; budget; officers; meetings; investigations; hearings; compensation, allowances and expenses of members

1. There is hereby created an Interim Retirement and Benefits Committee of the Legislature

to: (a) Review the operation of the Public Employees' Retirement System, the Judicial

Retirement System established pursuant to chapter 1A of NRS and the Public Employees'

Benefits Program; and (b) Make recommendations to the Public Employees' Retirement Board and the Board of

the Public Employees' Benefits Program, the Legislative Commission and the Legislature. 2. The Interim Retirement and Benefits Committee consists of six members appointed

as follows: (a) Three members of the Senate, one of whom is the Chair of the Committee on Finance

during the preceding regular session and two of whom are appointed by the Majority

Leader of the Senate. (b) Three members of the Assembly, one of whom is the Chair of the Committee on Ways

and Means during the preceding regular session and two of whom are appointed by the

Speaker of the Assembly. 3. The Legislative Commission shall review and approve the budget and work program

for the Committee and any changes to the budget or work program. 4. The immediate past Chair of the Senate Standing Committee on Finance is the Chair

of the Interim Retirement and Benefits Committee for the period ending with the convening

of each odd-numbered regular session. The immediate past Chair of the Assembly Standing Committee on Ways and Means is

the Chair of the Interim Retirement and Benefits Committee during the next legislative

interim, and the position of Chair alternates between the Houses according to this

pattern. 5. The Interim Retirement and Benefits Committee may exercise the powers conferred

on it by law only when the Legislature is not in a regular or special session and

shall meet at the call of the Chair. 6. The Interim Retirement and Benefits Committee may conduct investigations and hold

hearings in connection with its functions and duties and exercise any of the investigative

powers set forth in NRS 218E.105 to 218E.140 , inclusive. 7. The Director shall provide a Secretary for the Interim Retirement and Benefits

Committee. 8. For each day or portion of a day during which members of the Interim Retirement

and Benefits Committee attend a meeting of the Interim Retirement and Benefits Committee

or are otherwise engaged in the business of the Interim Retirement and Benefits Committee,

the members are entitled to receive: (a) The compensation provided for a majority of the Legislators during the first 60

days of the preceding regular session; (b) The per diem allowance provided for state officers and employees generally; and (c) The travel expenses provided pursuant to NRS 218A.655 . 9. All such compensation, per diem allowances and travel expenses must be paid from

the Legislative Fund.