Limitations on benefits and contributions.
Nev. Rev. Stat. § 286.537
in effect1. The election provided by section 415(b)(10)(c) of the Internal Revenue Code (26 U.S.C. § 415(b)(10)(c)) is hereby made.
2. Notwithstanding any other provision of this chapter, the benefits payable to and the contributions made by or for the benefit of an employee whose effective date of membership is on or after January 1, 1990, are limited pursuant to the provisions of sections 415(b), 415(c) and 415(e) of the Internal Revenue Code (26 U.S.C. §§ 415(b), 415(c) and 415(e)). The provisions of section 415(b)(2)(F) of the Internal Revenue Code (26 U.S.C. § 415(b)(2)(F)) do not apply to the benefits of such an employee.
3. Notwithstanding any other provision of law, if an employee whose effective date of membership is on or after January 1, 1990, is a member of the System and a member of the Legislators Retirement System, the benefits payable to the employee from both plans are limited pursuant to this section. The employees benefits from the plan providing the greater benefit must be reduced if the benefits from both plans exceed the limitations of this section.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-286.htmlFetched: 10/4/2026