287.04366 - Audits and reports. - Nevada Statutes

287.04366  Audits and reports.  The Board shall provide to the Department of Administration and to the Interim Retirement and Benefits Committee of the Legislature, created by NRS 218E.420:

      1.  An annual audit of the Retirees’ Fund to be conducted by an independent certified public accountant;

      2.  An annual report concerning the Retirees’ Fund; and

      3.  An independent biennial certified actuarial valuation and report of the State’s health and welfare benefits for current and future state retirees, which are provided for the purpose of developing the annual required contribution pursuant to the statements issued by the Governmental Accounting Standards Board.

      (Added to NRS by 2007, 3142)