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Nevada Revised Statutes Title 23. Public Officers and Employees § 287.440. Governing body may appoint committee to administer program; powers of committee

Current as of January 01, 2025 | Updated by Findlaw Staff

1. The governing body of a political subdivision may appoint a committee to which it may delegate the responsibility for administering the program for its employees, including:

(a) Collection of deferred compensation;

(b) Transmittal of money collected to depositories within the State; and

(c) Payment of deferred compensation to participating employees.

2. The committee may contract with a private person, corporation, institution or other entity, directly or through an agency of the political subdivision, for services necessary to the administration of the plan, including without limitation:

(a) Consolidated billing;

(b) Recordkeeping for each participating employee and the program;

(c) Purchase, control and safeguarding of assets;

(d) Communication with its employees; and

(e) Administration and coordination of the program.

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 23. Public Officers and Employees § 287.440. Governing body may appoint committee to administer program; powers of committee - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-23-public-officers-and-employees/nv-rev-st-287-440/

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