NAC287.383. Premiums or contributions for participants in opt-out plans: Requirements for billing.

The Program shall bill on a monthly basis:

     1. Each payroll center that deducts and pays the premium or contribution for a participant in an opt-out plan from the salary or monthly retirement allowance, as applicable, of the participant for the amount of the premiums or contributions for such participants based on the schedule of rates for premiums or contributions for that opt-out plan.

     2. Each participant in an opt-out plan that is responsible for the paying of his or her premium or contribution directly.

     3. The Retired Employees’ Group Insurance Budget Account in the State Retirees’ Health and Welfare Benefits Fund created by NRS 287.0436 for the portion of the amount of the premiums or contributions for participants in an opt-out plan who retired from the service of the State that is paid by the State pursuant to subsection 2 of NRS 287.046. The Program shall identify separately the portion of the amount billed to the State pursuant to this subsection that is attributable to participants in each opt-out plan.

     4. The Active Employee Group Insurance Subsidy Account established pursuant to subsection 7 of NRS 287.044 within the Agency Fund for the Payroll of the State created by NRS 227.130 for the portion of the amount of the premiums or contributions for participants in an opt-out plan that is paid by the State pursuant to subsection 1 of NRS 287.044. The Program shall identify separately the portion of the amount billed to the State pursuant to this subsection that is attributable to participants in each opt-out plan.

     (Added to NAC by Bd. of Pub. Employees’ Benefits Prog. by R097-03, eff. 9-24-2003; A by R002-12, 6-29-2012)