System governed by Public Employees’ Retirement Board: Name; number of members; duties of Governor; removal of members
Known as the Public Employees’ Retirement Act
The act spans §§ 286–286 (165 sections).
Applied in 1 court decision — leading case Nevada Public Employees' Retirement Board v. Smith (2013)
Most recently applied in Nevada Public Employees' Retirement Board v. Smith (October 2013)
[Part 4:181:1947; A 1949, 174; 1955, 23]—(NRS A 1973, 854, 1412)
1. The governing authority of the System shall be a board of seven persons appointed by the Governor.
2. The name of the board shall be the Public Employees’ Retirement Board.
3. The Governor shall review periodically the broad administrative policies and performance standards as they are being administered by the Board.
4. The Governor may remove and replace any Board member for cause shown.
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.