Nevada Revised Statutes 353D.060 – ‘Covered employee’ defined. [Effective July 1, 2025.]
1. ’Covered employee’ means a person who:
Terms Used In Nevada Revised Statutes 353D.060
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- county: includes Carson City. See Nevada Revised Statutes 0.033
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
(a) Is employed by a covered employer for not less than 120 days;
(b) Has wages or other compensation that is allocable to the State; and
(c) Is at least 18 years of age.
2. For purposes of the investment, withdrawal, transfer, rollover or other distribution of an Individual Retirement Account, the term also includes the beneficiary of a deceased covered employee.
3. The term does not include:
(a) Any employee covered under the federal Railway Labor Act, 45 U.S.C. § 151 et seq.;
(b) Any employee on whose behalf an employer makes contributions to a Taft-Hartley multiemployer pension trust fund; or
(c) Any person who is an employee of the Federal Government, the State or any other state, county or municipal corporation, or any of this State’s or any other state’s units or instrumentalities.