Retirement Information for PERS Participants
Public Employees’ Retirement System of Nevada (PERS)
It is best to notify PERS in writing about six months prior to your intended retirement date. You should request a retirement estimate and application documents to be completed to initiate your benefit. The estimate provided by PERS will only give approximate figures of your retirement allowance but they will be within a reasonable range. The estimate will project your service time through your anticipated date of retirement. PERS staff is normally available for counseling weekdays at the PERS offices in Carson City and Las Vegas. PERS also periodically visits other communities throughout the state.
Regular Members
Years of Service |
Retirement Age |
5 Years |
65 |
10 Years |
62 |
30 Years |
55 |
33.3 Years |
Any Age |
Police/Fire Members
Years of Service |
Retirement Age |
5 Years |
65 |
10 Years |
60 |
20 Years |
50 |
If under the required retirement age, an early retirement reduction of 6% for each year will be subtracted from your monthly benefit
See Benefit Overview for participants enrolled in PERS prior to 01/01/2010.
Benefit Calculation
There are three basic factors involved in the calculation of your retirement benefit:
- Service Credit (total years, months, and days worked in a PERS eligible position)
- Average Compensation (Average of highest 36 consecutive months of PERS Eligible salary you receive while employed)
- Age at retirement
Local PERS Contacts
In Carson City
693 W. Nye Lane
Carson City, NV 89703
Phone:1-775-687-4200
Toll Free: 1-866-473-7768
Fax: 1-775-687-5131
In Las Vegas
5740 S. Eastern Ave, Suite 120
Las Vegas, NV 89119
Toll Free: 1-866-473-7768
Fax: 1-702-678-6934
Retirement Information for Faculty RPA Participants
Faculty Retirement Plan (RPA)
Under the RPA, once you retire, you determine when your retirement payments begins. Within the parameters of the Plan, when you retire or terminate your employment with the NSHE, you may maintain your accounts and/or elect with the fund sponsor to begin receipt of benefits based on the terms of the RPA plan. You are immediately 100% vested in your retirement accounts.
Although income usually begins at retirement, you may elect to begin to receive your retirement income at any time after termination of employment. You may also elect to receive income while you are actively employed, if you have reached the age of 62.
Retirement benefits must normally begin no later than April 1 of the calendar year following the year in which you attain age 70 1/2.
The following income options are available under this Plan (some subject to Plan limitations): single life annuities, joint and survivor annuities, cash withdrawals, fixed period annuities, systematic withdrawals, interest only distributions, and minimum distributions.
You should contact your fund sponsor several months prior to your retirement date regarding income options and review with that fund sponsor all forms of income available to you in retirement. Income decisions should be made only after a full understanding of all options and a determination of which options best suit your lifestyle.
You may receive a cash withdrawal from the plan after termination depending on your years of service.
Fewer than five years of experience
If you leave the NSHE with less than 5 years of service, you are eligible to withdraw both the employer and the employee contributions in any form of withdrawal available from your RPA fund sponsor; this includes 100% cash withdrawals.
Five or more years of service
Employee Contributions
Employee contributions may be withdrawn as a cash withdrawal at any age if you leave the NSHE with 5 or more years of service.
Employer Contributions
Employer contributions may be withdrawn as a cash withdrawal only upon reaching the age of 55 or older if you leave the NSHE with 5 or more years of service. The employer contributions may be withdrawn as a lifetime annuity only if you leave employment with 5 or more years of service and wish to begin receipt of your employer RPA funds before the age of 55. For more information, contact a representative from your NSHE Fund Sponsor.