286.391 - Public employee on leave to work for employee or employer association may remain member of System; purchase of credit for service. - Nevada Statutes

286.391  Public employee on leave to work for employee or employer association may remain member of System; purchase of credit for service.

      1.  A public employee on leave to work for a recognized employee or employer association may remain a member of the System if retirement contributions to the System are continued.

      2.  When an employee on leave continues to be a member of the System, the public employer from whom the employee is on leave shall include the payment of the contributions and all other required information on the employee’s regular monthly retirement report as provided in NRS 286.460. The public employer is not required to pay the employer contribution.

      3.  Except as otherwise required as a result of NRS 286.535 or 286.537, for the purposes of this section, “compensation” shall be deemed to be the salary paid for the position from which the employee is on leave.

      4.  Except as otherwise required as a result of NRS 286.537, any member of the System may purchase credit for any period on or after July 1, 1947, for which contributions were not paid, which qualifies under this section. The member must pay the full actuarial costs determined by the actuary.

      (Added to NRS by 1981, 443; A 1985, 1712; 1991, 2360)