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

NAC286.260. Failure to complete repayment according to agreed schedule.

Latest version.

If a member fails to complete payments according to an agreed schedule of repayment, the agreement will be terminated and the member may:

     1. Receive a refund of all of his or her payments;

     2. Repay the balance remaining, including any recalculated interest, in a lump sum at any time if he or she is still a member of the System; or

     3. Receive service credit for previous service in the same proportion that his or her repayment of withdrawn contributions at the time of the termination of the agreement bears to the total amount of withdrawn contributions.

[Pub. Emp. Retirement Bd., § 30, eff. 7-16-82]

                    
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