1. In addition to the options provided in NRS 287.023 and subject to the requirements of that section, any officer or employee of a governmental entity enumerated in subsection 1 of NRS 287.023 who retires under the conditions set forth in NRS 1A.350 , 1A.480 , 286.510 or 286.620 and, at the time of retirement, was covered or had dependents covered by any group insurance, plan of benefits or medical and hospital service established pursuant to NRS 287.010 , 287.015 , 287.020 or paragraph (b), (c) or (d) of subsection 1 of NRS 287.025 , has the option of having the Executive Officer deduct and pay the retired persons premium or contribution for that coverage, as well as the amount due or to become due upon any obligation designated by the Board pursuant to subsection 2, from the retired persons monthly retirement allowance until: (a) The retired person notifies the Executive Officer to discontinue the deduction; or (b) Any of the retired persons dependents elect to assume the premium or contribution applicable to the dependents coverage before the death of such a retired person and continue coverage pursuant to NRS 287.023 after the retired persons death. 2. The Board may adopt regulations to carry out the provisions of subsection 1, including, but not limited to, regulations governing the number and types of obligations, amounts for the payment of which may be deducted and paid by the Board at the option of the officer or employee pursuant to this section. 3. The Executive Officer, Board and System are not liable for any damages resulting from errors or omissions concerning the deductions and payment of premiums or contributions authorized pursuant to this section unless willful neglect or gross negligence is proven.
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