286.545 - Consent of spouse to retirement plan of member. - Nevada Statutes

286.545  Consent of spouse to retirement plan of member.

      1.  If the spouse of the member does not consent to the retirement plan chosen by the member before the date on which the retirement becomes effective pursuant to NRS 286.541 the System shall:

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

      (b) Pay the retirement at the amount calculated for Option 2 provided in NRS 286.590 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 1987, 680)