Nevada Code § 286.525

Employment of retired employee: Enrollment in System; rights of membership; accrual of credit for service; benefits for survivor
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1. A retired employee who accepts
employment in a position eligible for membership may enroll in the System as of
the effective date of that employment. Except as otherwise provided in NRS 286.523 , as of the date of enrollment:
(a) The retired employee forfeits all retirement
allowances for the duration of that employment.
(b) The retired employee is entitled to receive,
after the termination of the employment and upon written request, a refund of
all contributions made by the retired employee during the employment. Except as
otherwise required as a result of NRS
286.535 or 286.537 , if the retired
employee does not request the refund and the duration of the employment was at
least 6 months, the retired employee gains additional service credit for that
employment and is entitled to have a separate service retirement allowance
calculated based on the retired employees compensation and service, effective
upon the termination of that employment. If the duration of the employment was:
(1) Less than 5 years, the additional
allowance must be added to the retired employees original allowance and must
be under the same option and designate the same beneficiary as the original
allowance.
(2) Five years or more, the additional
allowance may be under any option and designate any beneficiary in accordance
with NRS 286.545 .
2. The original service retirement
allowance of such a retired employee must not be recalculated based upon the
additional service credit, nor is the retired employee entitled to any of the
rights of membership that were not in effect at the time of the retired
employees original retirement. The accrual of service credit pursuant to this
section is subject to the limits imposed by:
(a) NRS
286.551 ; and
(b) Section 415 of the Internal Revenue Code, 26
U.S.C. 415, if the members effective date of membership is on or after
January 1, 1990.
3. Except as otherwise required as a
result of NRS 286.470 , 286.535 or 286.537 , a retired employee who has been
receiving a retirement allowance and who is reemployed and is enrolled in the
System for at least 5 years may have the retired employees additional credit
for service added to the retired employees previous credit for service. This
additional credit for service must not apply to more than one period of
employment after the original retirement.
4. The survivor of a deceased member who
had previously retired and was rehired and enrolled in the System, who
qualifies for benefits pursuant to NRS
286.671 to 286.6793 , inclusive, is
eligible for the benefits based on the service accrued through the second period
of employment.

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