1A.430 - Consent of spouse to retirement plan of member. - Nevada Statutes

1A.430  Consent of spouse to retirement plan of member.

      1.  If the spouse of the member of the Judicial Retirement Plan does not consent to the retirement plan chosen by the member before the date on which the retirement becomes effective pursuant to NRS 1A.130 the System must:

      (a) Notify the spouse that the spouse has 90 days to consent or have the member change the selection; and

      (b) Pay the retirement at the amount calculated for Option 2 provided in NRS 1A.450 until the spouse consents or for 90 days, whichever is less.

      2.  Upon consent of the spouse or at the end of the 90 days, the retirement benefit must be recalculated and paid under the terms of the option originally selected by the member retroactively to the date on which the retirement became effective.

      (Added to NRS by 2001 Special Session, 78)