Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 286.679 - Disposition of surplus of contributions if payments to beneficiary cease1. If payments to a beneficiary pursuant to NRS 286.671 to 286.679, inclusive, cease before the total contributions of a deceased member have been paid in benefits, and there is no person entitled to receive such benefits pursuant to any provision of this chapter, the surplus of such contributions over the benefits actually received may be paid in a lump sum to:(a) The beneficiary whom the deceased member designated for this purpose in writing on a form approved by the System.(b) If no such designation was made or the person designated is deceased, the beneficiary who previously received the payments.(c) If no payment may be made pursuant to paragraphs (a) and (b), the persons entitled as heirs or residuary legatees to the estate of the deceased member.2. A lump-sum payment made pursuant to this section fully discharges the obligations of the System.Added to NRS by 1963, 985; A 1983, 489; 1995, 255; 2001, 1291; 2015, 2731Amended by 2015, Ch. 471,§12, eff. 7/1/2015.Added to NRS by 1963, 985; A 1983, 489; 1995, 255; 2001, 1291