• HR Liaison
• Chair/Dir./Sup
• Retiree
• Student Employee
• Faculty
• Classified
• New Employee
• BCN HR

NSHE Retirement Plans

	Mandatory Retirement Plans Faculty Retirement Plan Alternative (RPA) Medical Residents/Postdoctoral Fellows Plan
	Supplemental Retirement Plans 403(b) Tax Sheltered Annuity Plan 457 Deferred Compensation Program
	Social Security
	Phase In Retirement

Nevada PERS

Classified employees and some faculty members partcipate in PERS of Nevada. You must be employed at 53% or greater FTE to participate in this plan.

PERS of Nevada is a tax-qualified defined benefit plan created by the Legislature as an independent public agency to provide a reasonable base income to qualified employees who have been employed by a public employer and whose earning capacity has been removed or has been substantially reduced by age or disability. It was also created to make government employment attractive to qualified employees and to encourage them to remain in government service for such periods of time as to give employers and the people of the state the full benefit of the training and experience gained by the employees while employed in public service.

Membership Elgibility

• If you are a classified employee of the State of Nevada in a position considered to be half time or more (according to the full time work week of the employer); you must enroll in the Public Employees' Retirement System (PERS).

• If a benefit eligible employee was enrolled in PERS previously and has not withdrawn his/her contributions – then the employee must enroll in PERS. Faculty who are a member of PERS of Nevada must continue to participate in PERS.

Contributions to PERS

Employee/Employer Contributions (EEC):

• The employee and the employer each make a contribution to PERS. The contribution made by you is on an after-tax basis.
• If you terminate during the first five years of your employment and you take a refund of employee contributions; upon termination it will close your account with PERS and result in no future entitlement to a PERS benefit.
• You may switch to Employer Paid Contribution (EPC) at any time; but you may only make this election once .
• Employee contributions remaining in your PERS account at your retirement will result in your part of your income being non-taxable.

Employer Paid Contributions (EPC):

• Employees may voluntarily choose to participate under the Employer Paid Contribution (EPC) plan at any time.
• Contributions made by the employer under Employer Paid Contribution (EPC) retirement are not available for refund to you should you terminate your employment.
• Once you select the Employer Paid Contribution (EPC) plan, you cannot switch back to the Employee/Employer Contribution (EEC) paid plan.
• The employer makes the contribution to PERS at a rate of 19.75.
• Your base salary is reduced to a contract salary of .91012 of your base salary to "offset" the contributions made by the employer to PERS.
• The employer paid option provides you with more take-home pay than the employee/employer option because of the tax treatment under each option.

PERS Link to the Public Employees Retirement System of Nevada website.