NRS
286.6793 Time of vesting; vesting of benefits upon termination of System.
1. The retirement allowance for a member
who:
(a) Ceased being an active member before July 1,
1989, vested on the date that the employee completed 10 years of accredited
contributing service; and
(b) Is active on or after July 1, 1989, becomes
vested on the date that the employee completes 5 years of accredited
contributing service.
2. Benefits for survivors offered pursuant
to this chapter become vested on the date that the employee completes 10 years
of accredited contributing service or becomes entitled to begin receiving
benefits or on the date of the member’s death, whichever event occurs first.
3. Unless otherwise specifically provided
by the amendatory act, any change in the provisions of this chapter is
retroactive for all service of any member before the date of vesting, but no
change may impair any vested allowance or benefit.
4. Upon the termination or partial
termination of the System:
(a) Except as otherwise provided in paragraph
(b), all accrued benefits that are funded become 100 percent vested and
nonforfeitable.
(b) A member who receives the member’s vested
accrued benefits in a complete cash distribution before the termination is not
entitled to the vesting of any benefits which have been forfeited.
(Added to NRS by 1967,
744; A 1975,
1060; 1977,
1595; 1979,
261; 1981,
457; 1989,
1028; 1991,
2369; 2001,
1291)
INVESTMENT OF MONEY
Notes of Decisions
Cited in
4
cases, 1980–1989 · leading case:
Allen v. State, 676 P.2d 792 (Nev. 1984).
Allen v. State, 676 P.2d 792 (Nev. 1984).
“7 NRS 286.6793(1) states: 1. All retirement allowances or benefits for survivors offered pursuant to this chapter become vested on the date that the employee completes 10 years of creditable service or become entitled to begin receiving such benefits or on the date of his death,…”
Gemma v. Gemma, 778 P.2d 429 (Nev. 1989).
“See NRS 286.6793. As a police officer, Joseph is eligible to retire at age 50 if he has at least twenty years of service, or at age 55, if he has at least ten years of service.”
State v. State of Nev. Employees Ass'n, Inc., 720 P.2d 697 (Nev. 1986).
“410 if: (a) The employee is hired after July 1, 1985; or (b) The employee’s benefits have vested pursuant to NRS 286.6793. The employer shall begin paying an employee’s portion of contribution on the date his benefits vest, if they vest after July 1, 1985.”
— Nev. Rev. Stat. § 286.6793(1) — 1 case
Allen v. State, 676 P.2d 792 (Nev. 1984).
“7 NRS 286.6793(1) states: 1. All retirement allowances or benefits for survivors offered pursuant to this chapter become vested on the date that the employee completes 10 years of creditable service or become entitled to begin receiving such benefits or on the date of his death,…”
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