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Nev. Rev. Stat. § 287.401

“Deferred compensation” defined

Nevada · Nevada Revised Statutes Chapter 287 — Programs for Public Employees · Status: effective

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Nev. Rev. Stat. § 287.401, “Deferred compensation” defined, Nevada, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2100657
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“Deferred compensation” means income which an employee of a political subdivision may legally set aside under the program, which may consist of one or more plans authorized by 26 U.S.C. § 401(a), 401(k) or 457 and which income, while invested under the program, is exempt from federal income taxes on the employee’s contributions and interest, dividends and capital gains.