Glossary of Terms
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Actuarial Computation:
The computation based on benefits earned and life expectancy of member
and beneficiary to determine necessary reduction of benefits under
retirement options or to determine cost of purchasing additional
benefits.
Alternate Payee:
The spouse, former spouse, child, or other dependent of a member
or retired employee who, pursuant to a judgment, decree, or order relating to child
support, alimony, or the disposition of community property, is entitled to receive
all or a portion of the allowance or benefit of a member or retired member from the System.
Average Compensation:
The average of a member's 36 consecutive months of highest compensation
as certified by the public employer.
Beneficiary:
A person eligible for a benefit from a member or retired employee.
Benefit Cancellation:
Discontinuance of a benefit with no possible reinstatement.
Benefit Suspension:
Temporary withdrawal of benefit with possible reinstatement when certain conditions are met.
Board:
The Public Employees' Retirement Board.
Board or Commission:
Members of boards or commissions of the State of Nevada or of its
political subdivisions when such boards or commissions are advisory
or directive and when membership thereon is not compensated except
for fees for attendance at meetings and expenses incurred.
Call-Back Pay:
Except as it may conflict with the Nevada Administrative Code at
284.214, call-back pay is defined as compensation earned for
returning to duty after a member has completed his regular shift,
is off duty for any period of time, and is requested to return to
duty with less than 12 hours' notice.
Child:
An unmarried person under 18 years of age who is the issue or legally
adopted child of a deceased member. As used in this policy, "issue"
means the progeny or biological offspring of the deceased member.
Compensation:
The salary paid to a member by the member's public employer which is subject to contribution.
Consecutive Months:
The months, one following the other, in which some compensation
is reported or service credit received, whether any actual work was performed
or not. For the calculation of average compensation, compensation reported
shall not be prorated to reflect the portion of the month that the reported
compensation represents. Months for which a member does not receive service
credit shall be spanned and not included in determining average compensation.
Contribution Plans:
Employer Pay: The employer pays the entire contribution on behalf of the employee.
The employee's portion must be in lieu of an equivalent salary increase
or by salary reduction, except when the employee is a local elected
official or district judge.
Employee/Employer Pay: The employee and employer pay equivalent contributions.
Contributions:
Employer: Payments made by employers to this System under the
employee/employer contribution plan.
Employer Pay: Payments made by employers on behalf of those
employees under the employer-pay contribution plan.
Employee: Deductions made from the employee's salary, paid to the
System and credited to the employee's member account. Employees
do not earn interest on any employee contributions credited to
their member accounts.
Critical Labor Shortage Position:
The history of the rate of turnover for the position;
A position determined by a participating public employer's governing
body to be experiencing a critical labor shortage after taking into
account the following criteria:
The number of opening for the position and the number of qualified candidates for those openings;
The length of time the position has been vacant; and
The success of recruiting persons in other states to fill the position.
Dependent Parent:
The surviving parent of a deceased member who was dependent upon
the deceased member for at least 50% of the parent's support for
at least 6 months immediately preceding the death of the member.
Disability Retirement:
Benefit provided to an eligible member who becomes totally unable
to perform his current or any comparable job for which he is
qualified by his training and experience because of injury or
physical or mental illness of a permanent nature.
Distribution:
Final: A distribution to the member of the portion of mandatory
employer-pay contributions submitted on his behalf by his public
employer which are credited after termination of employment.
Initial: A distribution to the member of the portion of mandatory
employer-pay contributions submitted on his behalf by his public
employer as of the date of termination of employment.
Eligible Survivors:
Child, spouse survivor beneficiary of an unmarried member,
or dependent parent eligible to receive survivor benefits
if the eligible member should die.
Employee:
Any person employed in a position which is normally considered half
time or more according to the full-time work schedule of the public
employer and is under the direction and control of officers of the public employer.
Employee Contributions:
-SEE CONTRIBUTIONS
Employer Contributions:
-SEE CONTRIBUTIONS
Employment:
Secondary: In the event of concurrent public employment, the lesser
salaried position.
Primary: Public employment which is half time or more upon which
retirement contributions must be paid. In the event of employment
in two or more eligible positions, the position paying the greatest
salary shall be primary.
ERPD Contributions or Employer Paid Contributions
-SEE CONTRIBUTIONS
Executive Officer:
Administrator of the Public Employees' Retirement System appointed by the Board.
Firefighter:
A member who is employed in an approved firefighter position.
Half-Time Position:
A position which requires an employee to work half time according
to the full-time work schedule of the public employer, for a duration
exceeding six months.
Hazardous-Duty Pay:
Regular additional compensation paid to all eligible employees of
a public employer for performing dangerous duty.
Holiday Pay:
Compensation for work actually performed during an official holiday
which is in addition to the compensation paid to all employees
who do not work, providing the total working hours do not exceed
the working hours of a normal workweek or pay period as certified
by the public employer.
Independent Contractor:
Any person who renders specified services for a stipulated fee who
is not under the control of a public employer, except as regards
the result of the work, and who does not receive customary employee
benefits provided by the public employer.
Intermittent Position:
A position for which no regular work schedule exists.
Liaison Officer:
An employee selected by a public employer or group of such employers
to certify records and coordinate retirement matters between the
System and members of participating public employers. The employee selected
must be a member of the System through hisemployment with the public employer.
Longevity Pay:
Additional compensation provided to all eligible employees by a
public employer based on years of service.
Mandatory Employer-Pay Contribution Plan:
For all police/fire employees with the Nevada Highway Patrol, Motor
Carrier Division, and Division of Forestry employed on or after
July 1, 1983.
As of July 1, 1985, if the employee had ten or more years of
accredited, contributing service;
On the date after July 1, 1985, that the employee had ten years of
accredited, contributing service; or
As of the hire date for individuals employed on or after July 1,
1985, who did not already have active or inactive membership in
the System.
Required public employers who did not elect participation under the
employer-pay contribution plan for certain employees prior to
July 1, 1983, to pay the entire retirement contribution on
behalf of their employees:
Member:
Inactive: A member who has been reported as terminated from public
employment and who has not withdrawn his employee contributions
and/or the portion of mandatory employer-pay contributions submitted
on his behalf.
Active: A member who is in the employ of a participating public
employer and whose employee contributions are currently being paid
to the System.
Member Account:
The individual account maintained for each member of the System.
Overtime Pay:
Except as it may conflict with the Nevada Revised Statutes at
284.180 and the Nevada Administrative Code at 284.238 and
284.250, overtime pay is defined as additional compensation
earned by a member who is held over on his regular shift or
is requested to return to duty at a time that is more than 12
hours after notice is given.
Police and Firefighter's Retirement Fund:
Accumulation of all contributions, return on investments, and
interest received from or on behalf of police and firefighter
members of the System.
Police and Firefighter's Retirement Fund Advisory Committee:
Committee appointed by the Board to advise them on matters
pertaining to the Police and Firefighter's Retirement Fund.
Police Officer:
A member who is employed in an approved police position.
Position:
Employment with a public employer.
Post-Retirement Increase:
The increase paid monthly to eligible benefit recipients.
Public Employer:
State agency, political subdivision, or other public or quasi-public entity which
has met the requirements for membership and is participating in the System.
Regular Member:
A member of the System who is not a police officer or fireman.
Refund:
Final: The return to a member of all employee contributions which
are credited after termination of employment.
Initial: The return to a member of all employee contributions
credited to the member's account as of the date of termination
of employment.
Reimbursement:
Return of contributions to employee and public employer.
Reporting Period:
The calendar month for which the member's compensation and service
credit are reported and certified by the participating public employer.
Retired Employee:
A person who is receiving a retirement benefit on his own behalf from
this System.
Service:
The total years, months, and days of credit which an employee has
earned in the System.
Service Retirement Allowance:
The monthly payments from the System paid to a retired employee for
the remainder of his life.
Shift Differential Pay:
Additional compensation paid to all eligible employees by a
public employer for employment in a shift other than the
regular shift.
Spouse:
The husband or wife of a member.
Standby Pay:
Compensation earned for holding oneself ready for duty while off duty.
Survivor Beneficiary: (Single Survivor)
Beneficiary of a member who was unmarried at the time of his death,
had met the minimum eligibility requirements, and has designated this
beneficiary to receive payments.
Survivor Benefit:
Monthly allowance paid to eligible survivor(s) of a deceased member.
System:
The Public Employees' Retirement System.
Temporary Position
A position that will be staffed for six months or less.
Terminal Leave:
All accumulated leave or bonus payments that are made upon the
termination of employment for any cause including death.
Vesting:
The attainment of creditable service which guarantees to a member
those benefits accrued as of that date.
Volunteer Fireman:
A volunteer member of a regularly organized and recognized fire
department that is participating in the System.
Workday:
Official, regular, full-time workday certified by a public employer.
Workweek:
Official, regular, full-time workweek certified by a public employer.
