Online QDRO Preparation. Start Today >
Public Employees Retirement System of Nevada (NVPERS) operates the pension and retirement plans of cities, counties and related agencies, hospitals, school districts and special districts and agencies, the state of Nevada, the University of Nevada, utilities, and water, and fire districts.
Legislators without prior Public Employees’ Retirement System (PERS) service are enrolled as members of the Legislators’ Retirement System (LRS). The Public Employees’ Retirement Board administers the LRS. Participants in the Judicial Retirement System (JRS) may include supreme court justices and district court judges. Justices of the peace and municipal judges may also participate, if the board of county commissioners elects to allow the justices of the peace or the city council elects to allow the municipal judges of the city to participate in the plan and each judge elects to enroll in the plan. Depending upon the circumstances in place when elected or appointed, some judges participate in PERS and not JRS.
NVPERS is exempt from the Qualified Domestic Relations Order (QDRO) provisions of the 1984 Retirement Equity Act because the 1974 Employee Retirement Income Security Act (ERISA) relates only to private sector plans.
A QDRO is a supplement to a divorce decree that divides a NVPERS benefit in a divorce. Divorcing spouses should take care because if the QDRO does not comply with statute, PERS will send a letter indicating the areas to be modified in the QDRO.
If the QDRO complies, PERS will send a letter stating the QDRO complies and request a certified copy of the QDRO. The process is not complete until PERS receives a certified copy of the QDRO. When a certified copy of the QDRO is in the member’s file, PERS will contact the ex-spouse when the member retires and will establish benefits for the ex-spouse in accordance with the QDRO. For these reasons, NVPERS encourages the participant to submit a “draft” of the proposed QDRO to NVPERS for review prior to the court’s approval and filing. Learn more by reading our FAQs below.
Consists of Three Retirement Plans:
A. Depending on the divorce decree, a spouse may be awarded a portion of the pension benefits. Instead of sharing or splitting the pension benefits, this asset is offset by another asset in the property distribution award.
A. No. NVPERS payments are made only when the member spouse ends his or her employment, or applies for a benefit or refund, and his or her benefits become payable.
A. If the member decides on monthly payments, the former spouse must accept the same payment regime.
A. Currently, alternate payees may get their account information by contacting one of the office locations.
A. This description is used to indicate the person receiving the lifetime benefit that would have been available to the spouse or registered domestic partner of a member who passed away prior to retirement.
© 2009 - 2022 Pension Appraisers Online, Inc. - Have Questions? 1-877-770-2270 (toll-free)