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NRS 286.579

Postretirement increases: Increase for persons receiving benefits before January 1, 1977

Known as the Public Employees’ Retirement Act

The act spans §§ 286–286 (165 sections).

(Added to NRS by 1981, 576)

1. In addition to the other postretirement allowances and increases provided by law, the System shall provide a monthly postretirement increase to each person who began receiving benefits before January 1, 1977, or to the person’s designated beneficiary upon the person’s death in these amounts:

2. A single postretirement increase pursuant to this section must be prorated among two or more recipients of benefits for survivors on behalf of one deceased member.

Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.