Nev. Rev. Stat. § 286.574
Postretirement increases: Calculation of increase for persons who became members on or after July 1, 2015
Nevada · Nevada Revised Statutes Chapter 286 — Public Employees’ Retirement · Status: effective
Cite this
- Citation
- Nev. Rev. Stat. § 286.574, Postretirement increases: Calculation of increase for persons who became members on or after July 1, 2015, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2100447
- Permanent ID
ys:prov:2100447@1- SHA-256
1827de2c64d731c5cd02d2c1ac586c36b6871885821ae13a97ac941fb05c9b1b
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
1. For a person who retires and who has an effective date of membership on or after July 1, 2015, allowances or benefits must be increased once each year on the first day of the month immediately following the anniversary date the person began receiving the allowance or benefit:
(a) By 2 percent following the 3rd, 4th and 5th anniversaries of the commencement of benefits.
(b) By 2.5 percent following the 6th, 7th and 8th anniversaries of the commencement of benefits.
(c) By the lesser of 3 percent or the increase, if any, in the Consumer Price Index (All Items) published by the United States Department of Labor for the preceding calendar year following the 9th anniversary of the commencement of benefits and each year thereafter.
2. The base from which the increase provided by this section must be calculated is the allowance or benefit in effect on the day before the increase becomes effective.