NAC287.420. Payment of premiums or contributions by public employer: Date due; penalty.

     1. The total of the premiums or contributions which is billed by the Program and is owed by a public employer which:

     (a) Employs an officer or employee;

     (b) Is legally responsible for the surviving spouse or child of a police officer, firefighter or volunteer firefighter killed in the line of duty; or

     (c) Pays a subsidy for any of its retired officers or employees,

Ê for the officer, employee, surviving spouse or child, or retired officer or employee who elects to participate in the Program and the respective premium or contribution, if any, which is deducted from his or her compensation must be received by the Program by the 25th of each month.

     2. If a public employer does not pay the amount billed by the Program, the Program shall determine if a penalty that is based on the amount actually paid should be assessed. If the total payments made by the public employer were less than the amount billed to the public employer, the Program may, for good cause shown, assess a monthly compounded penalty of 1.5 percent of the unpaid balance, which will include, without limitation, any unpaid subsidies, penalties or adjustments.

     3. For the purposes of this section, if the 25th day of the month is a Saturday, Sunday or legal holiday, the payment of a premium or contribution is timely if it is received on the next day which is not a Saturday, Sunday or legal holiday.

     (Added to NAC by Com. on Group Ins., eff. 5-27-86; A 12-17-87; A by Com. on Benefits, 5-4-92; A by Bd. of Pub. Employees’ Benefits Prog. by R126-00, 12-22-2000, eff. 1-1-2001; R154-03, 3-22-2004; R107-09, 4-20-2010)