(REPRINTED WITH ADOPTED AMENDMENTS)

 

Assembly Bill No. 138–Committee on Ways and Means

 

February 14, 2001

____________

 

Referred to Committee on Government Affairs

 

SUMMARY—Clarifies formula for determining amount payable by State of Nevada toward cost of insurance for certain retired employees. (BDR 23‑1065)

 

FISCAL NOTE:            Effect on Local Government: No.

                                    Effect on the State: No.

 

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EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted.

 

AN ACT relating to public employees; clarifying the formula for determining the amount payable by the State of Nevada toward the cost of insurance for certain retired employees; and providing other matters properly relating thereto.

 

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN

SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

 

1-1    Section 1. NRS 287.046 is hereby amended to read as follows:

1-2    287.046  1.  Except as otherwise provided in subsection 6, any state or

1-3  other participating officer or employee who elects to participate in the

1-4  program may participate, and the department, agency, commission or

1-5  public agency that employs the officer or employee shall pay the state’s

1-6  share of the cost of the premiums or contributions for the program from

1-7  money appropriated or authorized as provided in NRS 287.044. Employees

1-8  who elect to participate in the program must authorize deductions from

1-9  their compensation for the payment of premiums or contributions for the

1-10  program.

1-11    2.  The department of personnel shall pay a percentage of the base

1-12  amount provided by law for that fiscal year toward the cost of the

1-13  premiums or contributions for the program for persons retired from the

1-14  service of the state who have continued to participate in the program.

1-15  Except as otherwise provided in subsection 3, the percentage to be paid

1-16  must be calculated as follows:

1-17    (a) For those persons who retire before January 1, 1994, 100 percent of

1-18  the base amount provided by law for that fiscal year.

1-19    (b) For those persons who retire on or after January 1, 1994, but before

1-20  July 1, 2001, with at least 5 years of state service, 25 percent plus an

1-21  additional 7.5 percent for each year of service in excess of 5 years to a

1-22  maximum of 137.5 percent, excluding service purchased pursuant to NRS

1-23  286.300, of the base amount provided by law for that fiscal year.

2-1    (c) For those persons who retire on or after July 1, 2001, with at least

2-2  5 years of state service, 25 percent plus an additional 7.5 percent for each

2-3  year of state service in excess of 5 years to a maximum of 137.5 percent,

2-4  excluding service purchased pursuant to NRS 286.300, of the base

2-5  amount provided by law for that fiscal year.

2-6    3.  If the amount calculated pursuant to subsection 2 exceeds the actual

2-7  premium or contribution for the plan of the program that the retired

2-8  participant selects, the balance must be credited to the fund for the public

2-9  employees’ benefits program created pursuant to NRS 287.0435.

2-10    4.  For the purposes of subsection 2:

2-11    (a) Credit for service must be calculated in the manner provided by

2-12  chapter 286 of NRS[.] , except that credit for service for the purposes of

2-13  paragraph (c) of subsection 2 must not include service with any public

2-14  employer other than the State of Nevada.

2-15    (b) No proration may be made for a partial year of service.

2-16    5.  The department shall agree through the board with the insurer for

2-17  billing of remaining premiums or contributions for the retired participant

2-18  and his dependents to the retired participant and to his dependents who

2-19  elect to continue coverage under the program after his death.

2-20    6.  A senator or assemblyman who elects to participate in the program

2-21  shall pay the entire premium or contribution for his insurance.

2-22    Sec. 2.  This act becomes effective on July 1, 2001.

 

2-23  H