Nevada Revised Statutes 286.579 – Postretirement increases: Increase for persons receiving benefits before January 1, 1977
Current as of: 2022 | Check for updates
|
Other versions
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:
Terms Used In Nevada Revised Statutes 286.579
- 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
- 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
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.