286.579 - Postretirement increases: Increase for persons receiving benefits before January 1, 1977. - Nevada Statutes

286.579  Postretirement increases: Increase for persons receiving benefits before January 1, 1977.

      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:

 

     Base Benefit                                                                                           Monthly Increase

 

 $0—$100...................................................................................................... $20

101— 200........................................................................................................ 15

201— 300........................................................................................................ 10

301— 500........................................................................................................... 5

501 and above................................................................................................... 3

 

      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.

      (Added to NRS by 1981, 576)