Nev. Rev. Stat. § 286.579

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 286.579 - Postretirement increases: Increase for persons receiving benefits before January 1, 1977

1. In addition to the other postretirement allowances and increases provided by law, the System shall provide a monthly postretirement increase to each person who began receiving benefits before January 1, 1977, or to the person's designated beneficiary upon the person's death in these amounts:

Base Benefit	Monthly Increase
$0 - $100......................................................................................................	$20
101 - 200.........................................................................................................	15
201 - 300.........................................................................................................	10
301 - 500...........................................................................................................	5
501 and above....................................................................................................	3

2. A single postretirement increase pursuant to this section must be prorated among two or more recipients of benefits for survivors on behalf of one deceased member.

NRS 286.579

Added to NRS by 1981, 576