1. Except as limited by NRS 286.6775, each child of a deceased member is entitled to receive a cumulative benefit of at least $400 per month, beginning on the first day of the month following the member’s death.
2. Payments to any child cease on the last day of the month of:
(a) The child’s death;
(b) The child’s marriage; or
(c) Except as otherwise provided in subsection 3, 4 or 5, the child’s attaining the age of 18 years.
3. Except as otherwise provided in subsection 4, these benefits may be paid to the child of a deceased member until the last day of the month of the child’s 23rd birthday if, at the time that the child attains 18 years, the child is, and continues thereafter to be, a full-time student in any accredited:
(a) High school;
(b) Vocational or technical school; or
(c) College or university.
4. If the Board ceases the payment of benefits to a child of a deceased member who received benefits pursuant to subsection 3 because the child ceased being a full-time student, the Board may resume the payment of such benefits until the last day of the month of the child’s 23rd birthday if the child returns to full-time status at an accredited:
(a) High school;
(b) Vocational or technical school; or
(c) College or university.
5. These benefits may be commenced or extended indefinitely beyond a child’s 18th birthday if and so long as the child is determined by the System to be:
(a) Financially dependent; and
(b) Physically or mentally incompetent.
6. All benefits under this section may be paid by the System to the child’s:
(a) Surviving parent; or
(b) Legal guardian.
7. The Board shall establish uniform standards and procedures for determining whether a child is:
(a) A full-time student;
(b) Financially dependent; and
(c) Physically or mentally incompetent.