218C.330 - Election not to participate as member of System; effect of termination of participation. - Nevada Statutes

218C.330  Election not to participate as member of System; effect of termination of participation.

      1.  A Legislator may, within 30 days after the Legislator is first elected or appointed to office, elect not to participate as a member of the Legislators’ Retirement System by submitting a written notice thereof to the Board and the Director of the Legislative Counsel Bureau.

      2.  A Legislator may terminate the Legislator’s participation as a member of the System by sending written notice thereof to the Board and the Director of the Legislative Counsel Bureau.

      3.  A Legislator who terminates the Legislator’s participation as a member of the Legislators’ Retirement System is not eligible thereafter to participate as a member of the System.

      (Added to NRS by 2005, 1451)—(Substituted in revision for NRS 218.23813)