NAC287.141. “Subsidy” defined.

Latest version.

“Subsidy” means a portion of the cost of premiums or contributions for group insurance provided by the Program which is paid by:

1. The State pursuant to NRS 287.046; or

2. A local governmental agency pursuant to paragraph (b) of subsection 4 of NRS 287.023.

(Added to NAC by Bd. of Pub. Employees’ Benefits Prog. by R154-03, eff. 3-22-2004; A by R126-07, 1-30-2008)

                    
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