Nevada § 287.420 - Employer may agree with employee to defer compensation; investment of withheld money
Full text of Nevada Nevada Revised Statutes § 287.420 — Employer may agree with employee to defer compensation; investment of withheld money, with citation guidance and answers to common questions.
§ 287.420. Employer may agree with employee to defer compensation; investment of withheld money
1. A political subdivision may agree with any of its employees to defer the compensation
due to them in accordance with a program approved by the committee which may consist
of one or more plans authorized by 26 U.S.C. § 401(a) or 457 . An employee may defer compensation under one or more plans in the program. 2. The political subdivision shall withhold the amount of compensation which an employee
has, by such an agreement, directed the political subdivision to defer. 3. The political subdivision may invest the withheld money in any investment permitted
by law and approved by the committee. 4. The investments must be underwritten and offered in compliance with all applicable
federal and state laws and regulations, and may be offered only by persons who are
authorized and licensed under all applicable state and federal regulations.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 287.420
What does Nevada Revised Statutes § 287.420 cover?
Section 287.420 ("Employer may agree with employee to defer compensation; investment of withheld money") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 287.420?
A common citation format is "Nevada Revised Statutes § 287.420" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 287.420 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.