Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 287.440 - Governing body may appoint committee to administer program; powers of committee1. The governing body of a political subdivision may appoint a committee to which it may delegate the responsibility for administering the program for its employees, including:(a) Collection of deferred compensation;(b) Transmittal of money collected to depositories within the State; and(c) Payment of deferred compensation to participating employees.2. The committee may contract with a private person, corporation, institution or other entity, directly or through an agency of the political subdivision, for services necessary to the administration of the plan, including without limitation:(a) Consolidated billing;(b) Recordkeeping for each participating employee and the program;(c) Purchase, control and safeguarding of assets;(d) Communication with its employees; and(e) Administration and coordination of the program.Added to NRS by 1979, 799Added to NRS by 1979, 799