218E.420 - Creation; membership; budget; officers; meetings; compensation, allowances and expenses of members.
218E.420 Creation; membership; budget; officers; meetings; compensation, allowances and expenses of members.
1. There is hereby created an Interim Retirement and Benefits Committee of the Legislature to review the operation of the Public Employees’ Retirement System, the Judicial Retirement System established pursuant to chapter 1A of NRS and the Public Employees’ Benefits Program and to make recommendations to the Public Employees’ Retirement Board and the Board of the Public Employees’ Benefits Program, the Legislative Commission and the Legislature. The Interim Retirement and Benefits Committee consists of six members appointed as follows:
(a) Three members of the Senate, one of whom is the Chair of the Committee on Finance during the preceding session and two of whom are appointed by the Majority Leader of the Senate.
(b) Three members of the Assembly, one of whom is the Chair of the Committee on Ways and Means and two of whom are appointed by the Speaker of the Assembly.
2. The Legislative Commission shall review and approve the budget and work program for the Committee and any changes to the budget or work program.
3. The immediate past Chair of the Senate Standing Committee on Finance is the Chair of the Interim Retirement and Benefits Committee for the period ending with the convening of each odd-numbered session of the Legislature. The immediate past Chair of the Assembly Standing Committee on Ways and Means is the Chair of the Interim Retirement and Benefits Committee during the next legislative interim, and the position of Chair alternates between the Houses of the Legislature according to this pattern.
4. The Interim Retirement and Benefits Committee may exercise the powers conferred on it by law only when the Legislature is not in regular or special session and shall meet at the call of the Chair.
5. The Director of the Legislative Counsel Bureau shall provide a Secretary for the Interim Retirement and Benefits Committee.
6. The members of the Interim Retirement and Benefits Committee are entitled to receive the compensation provided for a majority of the members of the Legislature during the first 60 days of the preceding session, the per diem allowance provided for state officers and employees generally and the travel expenses provided by NRS 218A.655 for each day of attendance at a meeting of the Committee and while engaged in the business of the Committee. Per diem allowances, compensation and travel expenses of the members of the Committee must be paid from the Legislative Fund.
(Added to NRS by 1999, 3039; A 2001 Special Session, 94; 2009, 1151)—(Substituted in revision for NRS 218.5373)