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Current as of January 01, 2025 | Updated by Findlaw Staff
Upon the termination or partial termination of the Legislators' Retirement System:
1. Except as otherwise provided in subsection 2, all accrued benefits that are funded must become 100 percent vested and nonforfeitable.
2. A Legislator who receives his or her vested accrued benefits in a complete cash distribution before the termination is not entitled to the vesting of any benefits which have been forfeited.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 17. State Legislative Department § 218C.110. Effect of termination or partial termination of System - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-17-state-legislative-department/nv-rev-st-218c-110/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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