Nev. Rev. Stat. § 287.450

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

Section 287.450 - Deferrals of compensation: Deductions from payroll; limitation on amount deferred

1. Deferrals of compensation may be withheld as payroll deductions in accordance with the agreement between the political subdivision and a participating employee.

2. The amount of deferred compensation set aside by the political subdivision to a plan under the program during any calendar year may not exceed the amount authorized by 26 U.S.C. § 401(a) or 457, as applicable.

NRS 287.450

Added to NRS by 1979, 800; A 2001, 1005

Added to NRS by 1979, 800; A 2001, 1005