Nevada Administrative Code (Last Updated: January 6, 2015)

NAC286.070. Transfers between funds.

Latest version.

     1. The Executive Officer shall transfer all rights, credit, contributions and interest thereon of any member enrolled in the Police and Firefighters’ Retirement Fund who changes to employment covered by the Public Employees’ Retirement Fund to the Public Employees’ Retirement Fund.

     2. The Executive Officer shall transfer all rights, credit, contributions and interest thereon of any member enrolled in the Public Employees’ Retirement Fund who accepts a position covered by the Police and Firefighters’ Retirement Fund to the Police and Firefighters’ Retirement Fund.

     3. If a police officer or firefighter qualifies for and elects early retirement, and has contributions in the Public Employees’ Retirement Fund, the Executive Officer shall transfer all credit for service, employee and employer contributions, and all interest earned thereon, to the Police and Firefighters’ Retirement Fund.

     4. Interest on funds transferred to and from the Police and Firefighters’ Retirement Fund and the Public Employees’ Retirement Fund will be computed as of June 30 of the prior fiscal year. No interest which accrues after that date will be transferred.

[Pub. Emp. Retirement Bd., §§ 49-52, eff. 7-16-82]

                    
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