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NRS 287.440 - Governing body may appoint committee to administer program; powers of committee.

NV Rev Stat § 287.440 (2019) (N/A)
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1. 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, 799)

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NRS 287.430 - Fund for administration of money and other assets; deferred compensation and related income, property and rights held in trust.
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NRS 287.450 - Deferrals of compensation: Deductions from payroll; limitation on amount deferred.