{"id":661,"date":"2022-04-13T22:19:55","date_gmt":"2022-04-13T22:19:55","guid":{"rendered":"https:\/\/nshe.nevada.edu\/system-administration\/?page_id=661"},"modified":"2026-03-02T09:08:45","modified_gmt":"2026-03-02T17:08:45","slug":"faq","status":"publish","type":"page","link":"https:\/\/nshe.nevada.edu\/system-administration\/departments\/finance\/retirement\/faq\/","title":{"rendered":"Retirement Program &#8211; Frequently Asked Questions"},"content":{"rendered":"\n<p>The Chancellor recently announced enhancements to the NSHE Retirement Plan. This Frequently Asked Questions provides answers to some of the questions being posed now, and those received previously through interactions with the NSHE community during the review process.<\/p>\n\n\n\n<div id=\"featured-question\" class=\"wp-block-group see-more is-layout-constrained wp-block-group-is-layout-constrained\"><\/div>\n\n\n\n<div class=\"wp-block-group page-menu-retirement-faq is-layout-constrained wp-block-group-is-layout-constrained\">\n<h2 class=\"wp-block-heading outside-card\">Retirement FAQs by Topic<\/h2>\n\n\n\n<div class=\"wp-block-cgb-scs-bulma-columns columns  is-multiline\">\n<div class=\"wp-block-cgb-scs-bulma-column column  is-12-tablet is-6-widescreen\">\n<div class=\"wp-block-cgb-scs-bulma-columns columns\">\n<div class=\"wp-block-cgb-scs-bulma-column column\">\n<a href=\"#rpa-401a\" class=\"wp-block-cgb-scs-button btn btn-simple-blue btn-fullwidth  tall\" target=\"_self\" rel=\"noopener\"><div class=\"btn-text\" style=\"width: 100%\">RPA (401a) <span class=\"is-sr-only\"><\/span><\/div><div class=\"btn-icon is-hidden\" style=\"width: 0\"><span class=\"fas \"><\/span><\/div><\/a>\n<\/div>\n\n\n\n<div class=\"wp-block-cgb-scs-bulma-column column\">\n<a href=\"#403b\" class=\"wp-block-cgb-scs-button btn btn-simple-blue btn-fullwidth  tall\" target=\"_self\" rel=\"noopener\"><div class=\"btn-text\" style=\"width: 100%\">403(b) <span class=\"is-sr-only\"><\/span><\/div><div class=\"btn-icon is-hidden\" style=\"width: 0\"><span class=\"fas \"><\/span><\/div><\/a>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-cgb-scs-bulma-column column  is-12-tablet is-6-widescreen\">\n<div class=\"wp-block-cgb-scs-bulma-columns columns\">\n<div class=\"wp-block-cgb-scs-bulma-column column\">\n<a href=\"#med-postdoc-plan\" class=\"wp-block-cgb-scs-button btn btn-simple-blue btn-fullwidth  tall\" target=\"_self\" rel=\"noopener\"><div class=\"btn-text\" style=\"width: 100%\">Medical and Dental Resident\/Postdoctoral Scholar Retirement Plan <span class=\"is-sr-only\"><\/span><\/div><div class=\"btn-icon is-hidden\" style=\"width: 0\"><span class=\"fas \"><\/span><\/div><\/a>\n<\/div>\n\n\n\n<div class=\"wp-block-cgb-scs-bulma-column column\">\n<a href=\"#415m\" class=\"wp-block-cgb-scs-button btn btn-simple-blue btn-fullwidth  tall\" target=\"_self\" rel=\"noopener\"><div class=\"btn-text\" style=\"width: 100%\">415(m) <span class=\"is-sr-only\"><\/span><\/div><div class=\"btn-icon is-hidden\" style=\"width: 0\"><span class=\"fas \"><\/span><\/div><\/a>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-cgb-scs-bulma-columns columns  is-multiline\">\n<div class=\"wp-block-cgb-scs-bulma-column column  is-12-tablet is-6-widescreen\">\n<div class=\"wp-block-cgb-scs-bulma-columns columns\">\n<div class=\"wp-block-cgb-scs-bulma-column column\">\n<a href=\"#457b\" class=\"wp-block-cgb-scs-button btn btn-simple-blue btn-fullwidth  tall\" target=\"_self\" rel=\"noopener\"><div class=\"btn-text\" style=\"width: 100%\">457(b) <span class=\"is-sr-only\"><\/span><\/div><div class=\"btn-icon is-hidden\" style=\"width: 0\"><span class=\"fas \"><\/span><\/div><\/a>\n<\/div>\n\n\n\n<div class=\"wp-block-cgb-scs-bulma-column column\">\n<a href=\"#nv-pers\" class=\"wp-block-cgb-scs-button btn btn-simple-blue btn-fullwidth  tall\" target=\"_self\" rel=\"noopener\"><div class=\"btn-text\" style=\"width: 100%\">NV PERS <span class=\"is-sr-only\"><\/span><\/div><div class=\"btn-icon is-hidden\" style=\"width: 0\"><span class=\"fas \"><\/span><\/div><\/a>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-cgb-scs-bulma-column column  is-12-tablet is-6-widescreen\">\n<div class=\"wp-block-cgb-scs-bulma-columns columns\">\n<div class=\"wp-block-cgb-scs-bulma-column column\">\n<a href=\"#loans\" class=\"wp-block-cgb-scs-button btn btn-simple-blue btn-fullwidth  tall\" target=\"_self\" rel=\"noopener\"><div class=\"btn-text\" style=\"width: 100%\">Loans <span class=\"is-sr-only\"><\/span><\/div><div class=\"btn-icon is-hidden\" style=\"width: 0\"><span class=\"fas \"><\/span><\/div><\/a>\n<\/div>\n\n\n\n<div class=\"wp-block-cgb-scs-bulma-column column\">\n<a href=\"#withdrawal\" class=\"wp-block-cgb-scs-button btn btn-simple-blue btn-fullwidth  tall\" target=\"_self\" rel=\"noopener\"><div class=\"btn-text\" style=\"width: 100%\">New Withdrawals <span class=\"is-sr-only\"><\/span><\/div><div class=\"btn-icon is-hidden\" style=\"width: 0\"><span class=\"fas \"><\/span><\/div><\/a>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n    <div id=\"rpa-401a\" class=\"card-standard content-box default-shadow   fade-in\">\n        <div class=\"content-box-header\">\n            <div class=\"columns\">\n                <div class=\"column\">\n                    <h2>RPA (401a)<\/h2>\n                <\/div>\n            <\/div>\n        <\/div>\n        <div class=\"institution-border\">\n            <svg class=\"border-block csn\"><rect  \/><\/svg>\n            <svg class=\"border-block dri\"><rect  \/><\/svg>\n            <svg class=\"border-block gbc\"><rect  \/><\/svg>\n            <svg class=\"border-block nsc\"><rect  \/><\/svg>\n            <svg class=\"border-block tmcc\"><rect  \/><\/svg>\n            <svg class=\"border-block unlv\"><rect  \/><\/svg>\n            <svg class=\"border-block unr\"><rect  \/><\/svg>\n            <svg class=\"border-block wnc\"><rect  \/><\/svg>\n        <\/div>\n        <div class=\"content-box-body\">\n            \n<div>\n<p><\/p>\n\n\n\n<div id=\"accordion-pers-rpa401-how-funded\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-pers-rpa401-how-funded\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-pers-rpa401-how-funded\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-pers-rpa401-how-funded\"><h3>How is the Retirement Plan Alternative Plan funded?<\/h3><\/button><div id=\"accordion-collapse-accordion-pers-rpa401-how-funded\" aria-labelledby=\"accordion-heading-accordion-pers-rpa401-how-funded\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>The RPA is funded on a monthly basis through payroll. Employees are required to contribute 19.25% of compensation, and your Insitution will also contribute 19.25% of your compensation. Employee contributions will be deducted from your salary on a monthly basis and sent to TIAA on your behalf. Generally, you should see both the your contribution and the employer contribution post to your account at TIAA within three days of payday.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-rpa401a-who-eligible\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-rpa401a-who-eligible\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-rpa401a-who-eligible\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-rpa401a-who-eligible\"><h3>Who is eligible to contribute? <\/h3><\/button><div id=\"accordion-collapse-accordion-rpa401a-who-eligible\" aria-labelledby=\"accordion-heading-accordion-rpa401a-who-eligible\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Faculty employees or professional staff employees of all NSHE institutions, who are employed on an &#8220;A&#8217; or &#8216;B&#8217; contract of no less than 50% full time equivalency. Eligible employees do not include any employees who have an active Nevada PERS account.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-rpa401a-change-jobs\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-rpa401a-change-jobs\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-rpa401a-change-jobs\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-rpa401a-change-jobs\"><h3>Can I continue to participate if I change jobs?<\/h3><\/button><div id=\"accordion-collapse-accordion-rpa401a-change-jobs\" aria-labelledby=\"accordion-heading-accordion-rpa401a-change-jobs\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Mandatory retirement plans are specific to your employment classification, so if a professional staff employee changes departments, but continues as a professional staff member, as long as your FTE is 50% or greater you will continue to participate in the RPA. If however a professional employee switches jobs into a Letter of Appointment, then eligbility for the RPA ceases and that employees would be enrolled in the FICA alternative. If you are considering a change in your employment classification, please reach out to the HR department at your Insitution and ask which mandatory retirement plan you would be eligbile for in the new postion.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-rpa401a-get-loan\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-rpa401a-get-loan\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-rpa401a-get-loan\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-rpa401a-get-loan\"><h3>Can I get a loan from my RPA funds?<\/h3><\/button><div id=\"accordion-collapse-accordion-rpa401a-get-loan\" aria-labelledby=\"accordion-heading-accordion-rpa401a-get-loan\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Yes, a participant is able to request a loan from their RPA funds.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-rpa401a-contribution-amount\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-rpa401a-contribution-amount\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-rpa401a-contribution-amount\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-rpa401a-contribution-amount\"><h3>What is the contribution amount from the Employee and Employer?<\/h3><\/button><div id=\"accordion-collapse-accordion-rpa401a-contribution-amount\" aria-labelledby=\"accordion-heading-accordion-rpa401a-contribution-amount\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>The contribution rates for the Retirement Plan Alternative are set via the Nevada Revised Statute 286.808. For fiscal year 2026 and 2027, mandatory employee contributions are set at 19.25% of compensation and the employer contribution is also 19.25% of&nbsp;compensation.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-rpa401a-contribution-limits\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-rpa401a-contribution-limits\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-rpa401a-contribution-limits\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-rpa401a-contribution-limits\"><h3>What are the contribution limits for the RPA?<\/h3><\/button><div id=\"accordion-collapse-accordion-rpa401a-contribution-limits\" aria-labelledby=\"accordion-heading-accordion-rpa401a-contribution-limits\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>As of 2026, the annual contribution limit is for the RPA is $360,000. *If you were hired on or after January 1, 1996, your annual contribution limit is $360,000. If you were hired and continually employed before January 1, 1996 your annual contribution limit is $535,000.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-rpa401a-change-investment-options\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-rpa401a-change-investment-options\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-rpa401a-change-investment-options\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-rpa401a-change-investment-options\"><h3>How often can I change my investment options?<\/h3><\/button><div id=\"accordion-collapse-accordion-rpa401a-change-investment-options\" aria-labelledby=\"accordion-heading-accordion-rpa401a-change-investment-options\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>You get to decide where your money is invested. You can change your investment choices whenever you want.&nbsp;<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-rpa401a-where-funds\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-rpa401a-where-funds\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-rpa401a-where-funds\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-rpa401a-where-funds\"><h3>Where do my funds get invested if I don&#8217;t enroll into one of my choice?<\/h3><\/button><div id=\"accordion-collapse-accordion-rpa401a-where-funds\" aria-labelledby=\"accordion-heading-accordion-rpa401a-where-funds\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>If you do not enroll in the Plan or choose an investment option for your contributions, contributions will be automatically invested in the plan&#8217;s default investment option. The default investment option is a Target Retirement fund based on the date closest to when you turn 65. This default fund will stay in place until you make a choice about how you want your funds to be invested.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-rpa401a-when-eligible\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-rpa401a-when-eligible\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-rpa401a-when-eligible\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-rpa401a-when-eligible\"><h3>When am I eligible to receive distributions from the Plan?<\/h3><\/button><div id=\"accordion-collapse-accordion-rpa401a-when-eligible\" aria-labelledby=\"accordion-heading-accordion-rpa401a-when-eligible\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>You are eligible to receive distributions from the Plan when one of three things happens: you stop working for NSHE, you reach the age of 62, or you pass away. To get the money, you need to fill out a request online with TIAA. NSHE then confirms your status. You will receive payments as soon as possible after your eligibility has been verified.&nbsp;<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-rpa401a-can-rollover\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-rpa401a-can-rollover\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-rpa401a-can-rollover\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-rpa401a-can-rollover\"><h3>Can I roll over contributions from a previous plan to the RPA?<\/h3><\/button><div id=\"accordion-collapse-accordion-rpa401a-can-rollover\" aria-labelledby=\"accordion-heading-accordion-rpa401a-can-rollover\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>No, contributions to the plan from a previous&nbsp;plan can not be rolled over.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-rpa401a-loan-from-contributions\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-rpa401a-loan-from-contributions\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-rpa401a-loan-from-contributions\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-rpa401a-loan-from-contributions\"><h3>Am I able to take a loan from my Contributions?<\/h3><\/button><div id=\"accordion-collapse-accordion-rpa401a-loan-from-contributions\" aria-labelledby=\"accordion-heading-accordion-rpa401a-loan-from-contributions\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Yes, you are able to take a loan from your contributions if you are eligible. If you are eligible, you can take a loan of $1,000 up to $50,000 or one-half of the value of your account.&nbsp;<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-rpa401a-loan-fees\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-rpa401a-loan-fees\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-rpa401a-loan-fees\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-rpa401a-loan-fees\"><h3>What are the associated fees with taking  a loan from the plan?<\/h3><\/button><div id=\"accordion-collapse-accordion-rpa401a-loan-fees\" aria-labelledby=\"accordion-heading-accordion-rpa401a-loan-fees\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>There are fees associated with taking out a loan from the Plan, such as a loan origination fee, a maintenance fee and a processing fee. The processing fee is $50 is assessed in order to cover the additional administrative costs associated with complying with Internal Revenue Service regulations concerning retirement plan loans. The processing fee is deducted from your paycheck.&nbsp;<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-rpa401a-if-default\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-rpa401a-if-default\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-rpa401a-if-default\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-rpa401a-if-default\"><h3>If I default on a loan am I able to take out additional loans in the future?<\/h3><\/button><div id=\"accordion-collapse-accordion-rpa401a-if-default\" aria-labelledby=\"accordion-heading-accordion-rpa401a-if-default\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>If you default on a loan, you are not permitted to take another loan from the plan.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-rpa401a-distribution-still-employed\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-rpa401a-distribution-still-employed\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-rpa401a-distribution-still-employed\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-rpa401a-distribution-still-employed\"><h3>Can I get a distribution if I am still employed with NSHE?<\/h3><\/button><div id=\"accordion-collapse-accordion-rpa401a-distribution-still-employed\" aria-labelledby=\"accordion-heading-accordion-rpa401a-distribution-still-employed\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Yes, if you are at least 62 years old, you are eligible to receive a distribution through an in-service distribution request.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-rpa401a-less-five-years\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-rpa401a-less-five-years\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-rpa401a-less-five-years\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-rpa401a-less-five-years\"><h3>I have worked less than 5 years for NSHE. If I decide to leave NSHE, do I receive both my contributions and NSHE&#8217;s?<\/h3><\/button><div id=\"accordion-collapse-accordion-rpa401a-less-five-years\" aria-labelledby=\"accordion-heading-accordion-rpa401a-less-five-years\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Yes, if you have been employed with NSHE for less than five years, you will receive both your contributions as well as NSHE&#8217;s contributions.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-rpa401a-rollover-401k\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-rpa401a-rollover-401k\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-rpa401a-rollover-401k\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-rpa401a-rollover-401k\"><h3>Can I roll over a 401(k) from my former employer(s) into my 401(a)?<\/h3><\/button><div id=\"accordion-collapse-accordion-rpa401a-rollover-401k\" aria-labelledby=\"accordion-heading-accordion-rpa401a-rollover-401k\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>No, you can however roll your old 401(k)s into the NSHE Supplemental 403(b) plan.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-rpa401a-contribution-after-term\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-rpa401a-contribution-after-term\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-rpa401a-contribution-after-term\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-rpa401a-contribution-after-term\"><h3>Can I make a contribution to my account after I have been terminated and rolled over my funds to another bank?<\/h3><\/button><div id=\"accordion-collapse-accordion-rpa401a-contribution-after-term\" aria-labelledby=\"accordion-heading-accordion-rpa401a-contribution-after-term\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>No, contributions are deducted from paychecks. Once all funds are distributed from the entire account you can no longer continue to make contributions.<\/p>\n<\/div><\/div><\/div>\n<\/div>\n        <\/div>\n    <\/div>\n\n    \n\n\n    <div id=\"403b\" class=\"card-standard content-box default-shadow   fade-in\">\n        <div class=\"content-box-header\">\n            <div class=\"columns\">\n                <div class=\"column\">\n                    <h2>403(b)<\/h2>\n                <\/div>\n            <\/div>\n        <\/div>\n        <div class=\"institution-border\">\n            <svg class=\"border-block csn\"><rect  \/><\/svg>\n            <svg class=\"border-block dri\"><rect  \/><\/svg>\n            <svg class=\"border-block gbc\"><rect  \/><\/svg>\n            <svg class=\"border-block nsc\"><rect  \/><\/svg>\n            <svg class=\"border-block tmcc\"><rect  \/><\/svg>\n            <svg class=\"border-block unlv\"><rect  \/><\/svg>\n            <svg class=\"border-block unr\"><rect  \/><\/svg>\n            <svg class=\"border-block wnc\"><rect  \/><\/svg>\n        <\/div>\n        <div class=\"content-box-body\">\n            \n<div>\n<p><\/p>\n\n\n\n<div id=\"accordion-403b-eligible-contribution\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-403b-eligible-contribution\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-403b-eligible-contribution\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-403b-eligible-contribution\"><h3>Am I eligible to make a contribution to the NSHE supplemental 403(b)?<\/h3><\/button><div id=\"accordion-collapse-accordion-403b-eligible-contribution\" aria-labelledby=\"accordion-heading-accordion-403b-eligible-contribution\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Yes, The supplemental 403(b) is a voluntary plan that provides you with an opportunity to supplement your mandatory contributions to the RPA, the Medical Resident\/Postdoctoral Scholar Plan, or NVPERS to build a larger retirement nest egg than you would otherwise be able to build.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-403b-setup-contribution\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-403b-setup-contribution\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-403b-setup-contribution\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-403b-setup-contribution\"><h3>How do I set up my 403(b) contributions? <\/h3><\/button><div id=\"accordion-collapse-accordion-403b-setup-contribution\" aria-labelledby=\"accordion-heading-accordion-403b-setup-contribution\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>You set up your 403(b) contributions in Workday. You have the ability to choose contributions based on a specific amount or by percentage. The advantage of choosing a percentage is that when your salary increases, the 403(b) contribution increases as well. Check out the <a href=\"https:\/\/workdaydocs.nshe.nevada.edu\/knowledge-base\/change-retirement-savings\/\">Change Retirement Savings Guide<\/a> for more information on how to make the changes on Workday.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-403b-how-often-change\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-403b-how-often-change\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-403b-how-often-change\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-403b-how-often-change\"><h3>How often can I change my contribution amount?<\/h3><\/button><div id=\"accordion-collapse-accordion-403b-how-often-change\" aria-labelledby=\"accordion-heading-accordion-403b-how-often-change\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>A participant can change their contributions as often as they would like. Check out the <a href=\"https:\/\/workdaydocs.nshe.nevada.edu\/knowledge-base\/change-retirement-savings\/\">Change Retirement Savings Guide<\/a> for more information on how to make the changes on Workday<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-403b-contribution-limit\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-403b-contribution-limit\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-403b-contribution-limit\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-403b-contribution-limit\"><h3>What is the contribution limit for the 403(b)?<\/h3><\/button><div id=\"accordion-collapse-accordion-403b-contribution-limit\" aria-labelledby=\"accordion-heading-accordion-403b-contribution-limit\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>As of 2026, the limit on 403(b) contributions is $24,500 for employees who are less than 50 years of age and $32,500 for employees who are age 50 or over at the the end of the calendar year. Individuals aged 60, 61, 62, and 63 on December 31, 2025 have a limit of $32,750.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-403b-pre-post-tax\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-403b-pre-post-tax\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-403b-pre-post-tax\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-403b-pre-post-tax\"><h3>Is the 403(b) pre- or post-tax?<\/h3><\/button><div id=\"accordion-collapse-accordion-403b-pre-post-tax\" aria-labelledby=\"accordion-heading-accordion-403b-pre-post-tax\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Participants have the option to choose pre-tax or post-tax contributions for their 403(b).<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-403b-benefit-pre-tax\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-403b-benefit-pre-tax\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-403b-benefit-pre-tax\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-403b-benefit-pre-tax\"><h3>What is the benefit of choosing pre-tax deductions<\/h3><\/button><div id=\"accordion-collapse-accordion-403b-benefit-pre-tax\" aria-labelledby=\"accordion-heading-accordion-403b-benefit-pre-tax\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>If you choose a pre-tax deduction, your current taxable income is lowered by the amount of your deferral and you will pay income tax on you withdrawals at retirement.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-403b-can-rollover\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-403b-can-rollover\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-403b-can-rollover\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-403b-can-rollover\"><h3>Can I roll over a 401(k) from my former employer(s) into my 403(b)?<\/h3><\/button><div id=\"accordion-collapse-accordion-403b-can-rollover\" aria-labelledby=\"accordion-heading-accordion-403b-can-rollover\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Yes, you can roll over your 401(k) from a previous employer into your 403(b).<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-403b-can-loan\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-403b-can-loan\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-403b-can-loan\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-403b-can-loan\"><h3>Can I take a loan from this plan?<\/h3><\/button><div id=\"accordion-collapse-accordion-403b-can-loan\" aria-labelledby=\"accordion-heading-accordion-403b-can-loan\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Yes, you are able to take a loan from your contributions if you are eligible. If you are eligible, you can take a loan of $1,000 up to $50,000 or one-half of the value of your account.&nbsp;<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-403b-can-loan-if-default\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-403b-can-loan-if-default\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-403b-can-loan-if-default\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-403b-can-loan-if-default\"><h3>Am I able to take another loan out if I defaulted on a previous loan?<\/h3><\/button><div id=\"accordion-collapse-accordion-403b-can-loan-if-default\" aria-labelledby=\"accordion-heading-accordion-403b-can-loan-if-default\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>No, after you default from a loan, you are no longer permitted to take another loan from the Plan.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-403b-where-funds-invested\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-403b-where-funds-invested\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-403b-where-funds-invested\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-403b-where-funds-invested\"><h3>Where do my funds get invested if I don&#8217;t enroll into one of my choice?<\/h3><\/button><div id=\"accordion-collapse-accordion-403b-where-funds-invested\" aria-labelledby=\"accordion-heading-accordion-403b-where-funds-invested\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>If you do no enroll in the Plan or choose an investment option for your contributions, contributions will be automatically invested in the plan&#8217;s default investment option. The default investment option is a Target Retirement fund based on the date closest to when you turn 65. This default fund will stay in place until you make a choice about how you want your funds to be invested.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-403b-when-eligible-distribution\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-403b-when-eligible-distribution\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-403b-when-eligible-distribution\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-403b-when-eligible-distribution\"><h3>When am I eligible to receive a distribution from the plan?<\/h3><\/button><div id=\"accordion-collapse-accordion-403b-when-eligible-distribution\" aria-labelledby=\"accordion-heading-accordion-403b-when-eligible-distribution\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>You&#8217;re eligible to receive a distribution from the plan upon termination of employment, retirement, disability, or death. If you are younger than 59 1\/2, you may have additional taxes associated with your distribution.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-403b-what-happens-death\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-403b-what-happens-death\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-403b-what-happens-death\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-403b-what-happens-death\"><h3>What happens if I die before distribution of my account?<\/h3><\/button><div id=\"accordion-collapse-accordion-403b-what-happens-death\" aria-labelledby=\"accordion-heading-accordion-403b-what-happens-death\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>In general, if you die before distribution of your account, the remaining balance will be paid to the beneficiary designated by the participant. You can set up your beneficiary in the TIAA portal.&nbsp;<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-403b-financial-hardship\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-403b-financial-hardship\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-403b-financial-hardship\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-403b-financial-hardship\"><h3>Can I request a financial hardship distribution in the Plan?<\/h3><\/button><div id=\"accordion-collapse-accordion-403b-financial-hardship\" aria-labelledby=\"accordion-heading-accordion-403b-financial-hardship\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Yes, you can receive a financial hardship distribution from your account if the plan administrator determines that you have an immediate and heavy financial need and the distribution is necessary to satisfy that need.<\/p>\n<\/div><\/div><\/div>\n<\/div>\n        <\/div>\n    <\/div>\n\n    \n\n\n    <div id=\"med-postdoc-plan\" class=\"card-standard content-box default-shadow   fade-in\">\n        <div class=\"content-box-header\">\n            <div class=\"columns\">\n                <div class=\"column\">\n                    <h2>Medical and Dental Resident\/Postdoctoral Scholar Retirement Plan<\/h2>\n                <\/div>\n            <\/div>\n        <\/div>\n        <div class=\"institution-border\">\n            <svg class=\"border-block csn\"><rect  \/><\/svg>\n            <svg class=\"border-block dri\"><rect  \/><\/svg>\n            <svg class=\"border-block gbc\"><rect  \/><\/svg>\n            <svg class=\"border-block nsc\"><rect  \/><\/svg>\n            <svg class=\"border-block tmcc\"><rect  \/><\/svg>\n            <svg class=\"border-block unlv\"><rect  \/><\/svg>\n            <svg class=\"border-block unr\"><rect  \/><\/svg>\n            <svg class=\"border-block wnc\"><rect  \/><\/svg>\n        <\/div>\n        <div class=\"content-box-body\">\n            \n<div>\n<p><\/p>\n\n\n\n<div id=\"accordion-med-postdoc-plan-how-funded\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-med-postdoc-plan-how-funded\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-med-postdoc-plan-how-funded\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-med-postdoc-plan-how-funded\"><h3>How is the Medical and Dental Resident\/Postdoctoral Scholar Retirement Plan funded?<\/h3><\/button><div id=\"accordion-collapse-accordion-med-postdoc-plan-how-funded\" aria-labelledby=\"accordion-heading-accordion-med-postdoc-plan-how-funded\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>The Medical and Dental Resident\/Postdoctoral Scholar Retirement Plan is funded on a monthly basis through payroll.&nbsp; Employees are required to contribute 6.2% of&nbsp; compensation, and your Institution will also contribute 6.2% of your compensation.&nbsp; Employee contributions will be deducted from your salary on a monthly basis and sent to TIAA on your behalf.&nbsp; Generally, you should see both the your contribution and the employer contribution post to your account at TIAA within three days of payday.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-med-postdoc-plan-can-loan\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-med-postdoc-plan-can-loan\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-med-postdoc-plan-can-loan\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-med-postdoc-plan-can-loan\"><h3>Can I take a loan from the Plan?<\/h3><\/button><div id=\"accordion-collapse-accordion-med-postdoc-plan-can-loan\" aria-labelledby=\"accordion-heading-accordion-med-postdoc-plan-can-loan\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>No, you are not permitted to take a loan from this plan.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-med-postdoc-plan-when-distribution\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-med-postdoc-plan-when-distribution\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-med-postdoc-plan-when-distribution\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-med-postdoc-plan-when-distribution\"><h3>When can I request a distribution?<\/h3><\/button><div id=\"accordion-collapse-accordion-med-postdoc-plan-when-distribution\" aria-labelledby=\"accordion-heading-accordion-med-postdoc-plan-when-distribution\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>You are typically eligible to receive a distribution from the plan upon reaching retirement age (59 1\/2) or upon meeting other specified criteria, such as disability or termination of employment.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-med-postdoc-plan-financial-hardship\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-med-postdoc-plan-financial-hardship\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-med-postdoc-plan-financial-hardship\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-med-postdoc-plan-financial-hardship\"><h3>Can I request a financial hardship distribution in the Plan?<\/h3><\/button><div id=\"accordion-collapse-accordion-med-postdoc-plan-financial-hardship\" aria-labelledby=\"accordion-heading-accordion-med-postdoc-plan-financial-hardship\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>No, financial hardship distributions are not permitted in this plan.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-med-postdoc-plan-reemployment\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-med-postdoc-plan-reemployment\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-med-postdoc-plan-reemployment\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-med-postdoc-plan-reemployment\"><h3>What happens to a former employee&#8217;s participation in the plan after reemployment?<\/h3><\/button><div id=\"accordion-collapse-accordion-med-postdoc-plan-reemployment\" aria-labelledby=\"accordion-heading-accordion-med-postdoc-plan-reemployment\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>If a former employee is reemployed and satisfies the eligibility requirements for participation in the plan, they become a participant in the plan again.&nbsp;<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-med-postdoc-plan-fails-forms\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-med-postdoc-plan-fails-forms\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-med-postdoc-plan-fails-forms\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-med-postdoc-plan-fails-forms\"><h3>What happens if an eligible employee fails to return the required enrollment and investement election forms by the last day of the month in which they become an eligible employee?<\/h3><\/button><div id=\"accordion-collapse-accordion-med-postdoc-plan-fails-forms\" aria-labelledby=\"accordion-heading-accordion-med-postdoc-plan-fails-forms\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>If an eligible employee fails to return the required enrollment and investment election forms by the last day of the month in which they become an eligible employee, they will automatically be enrolled in the plan with a default investment option. The default investment option is a Target Retirement fund based on the date closest to when you turn 65. This default fund will stay in place until you make a choice about how you want your funds to be invested.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-med-postdoc-plan-participance-ceases\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-med-postdoc-plan-participance-ceases\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-med-postdoc-plan-participance-ceases\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-med-postdoc-plan-participance-ceases\"><h3>When does a participant cease to be a participant in the plan?<\/h3><\/button><div id=\"accordion-collapse-accordion-med-postdoc-plan-participance-ceases\" aria-labelledby=\"accordion-heading-accordion-med-postdoc-plan-participance-ceases\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>A participant ceases to be a participant in the plan when their account is fully distributed.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-med-postdoc-plan-direct-investment\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-med-postdoc-plan-direct-investment\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-med-postdoc-plan-direct-investment\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-med-postdoc-plan-direct-investment\"><h3>Can a participant direct the investement of his or her account in the plan?<\/h3><\/button><div id=\"accordion-collapse-accordion-med-postdoc-plan-direct-investment\" aria-labelledby=\"accordion-heading-accordion-med-postdoc-plan-direct-investment\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Yes, a participant can direct the investment of his or her accounts in the plan.  <\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-med-postdoc-plan-distribution-options\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-med-postdoc-plan-distribution-options\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-med-postdoc-plan-distribution-options\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-med-postdoc-plan-distribution-options\"><h3>What are the distribution options available to a participant under the plan?<\/h3><\/button><div id=\"accordion-collapse-accordion-med-postdoc-plan-distribution-options\" aria-labelledby=\"accordion-heading-accordion-med-postdoc-plan-distribution-options\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>The distribution options available to a participant under the plan may include a lump sum payment, installment payments, or an annuity.<\/p>\n<\/div><\/div><\/div>\n<\/div>\n        <\/div>\n    <\/div>\n\n    \n\n\n    <div id=\"415m\" class=\"card-standard content-box default-shadow   fade-in\">\n        <div class=\"content-box-header\">\n            <div class=\"columns\">\n                <div class=\"column\">\n                    <h2>415(m)<\/h2>\n                <\/div>\n            <\/div>\n        <\/div>\n        <div class=\"institution-border\">\n            <svg class=\"border-block csn\"><rect  \/><\/svg>\n            <svg class=\"border-block dri\"><rect  \/><\/svg>\n            <svg class=\"border-block gbc\"><rect  \/><\/svg>\n            <svg class=\"border-block nsc\"><rect  \/><\/svg>\n            <svg class=\"border-block tmcc\"><rect  \/><\/svg>\n            <svg class=\"border-block unlv\"><rect  \/><\/svg>\n            <svg class=\"border-block unr\"><rect  \/><\/svg>\n            <svg class=\"border-block wnc\"><rect  \/><\/svg>\n        <\/div>\n        <div class=\"content-box-body\">\n            \n<div>\n<p><\/p>\n\n\n\n<div id=\"accordion-415m-auto-excess-benefit-plan\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-415m-auto-excess-benefit-plan\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-415m-auto-excess-benefit-plan\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-415m-auto-excess-benefit-plan\"><h3>When does a participant automatically participate in the Excess Benefit Plan?<\/h3><\/button><div id=\"accordion-collapse-accordion-415m-auto-excess-benefit-plan\" aria-labelledby=\"accordion-heading-accordion-415m-auto-excess-benefit-plan\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>A participant automatically participates in the Excess Benefit Plan when the contributions to the 401(a) Plan have reached the maximum allowable benefit. The maximum allowable benefit being $350,000 if you were employed after 1\/1\/96 and $520,000 if you were employed before 1\/1\/96.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-415m-excess-contribution\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-415m-excess-contribution\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-415m-excess-contribution\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-415m-excess-contribution\"><h3>What is the Excess Contribution, and who makes it?<\/h3><\/button><div id=\"accordion-collapse-accordion-415m-excess-contribution\" aria-labelledby=\"accordion-heading-accordion-415m-excess-contribution\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>An excess contribution is the contribution made by the employer for a 415(m) participant to the Excess Benefit Plan, which is equal to the contributions that would have been made to the 401(a) Plan but could not be made because of the application of Code Section 415(c). The employer makes the Excess Contribution.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-415m-defer-compensation\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-415m-defer-compensation\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-415m-defer-compensation\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-415m-defer-compensation\"><h3>Can a 415(m) Participant elect to defer compensation under the Excess Benefit Plan or make employee pre-tax or after-tax contributions to it?<\/h3><\/button><div id=\"accordion-collapse-accordion-415m-defer-compensation\" aria-labelledby=\"accordion-heading-accordion-415m-defer-compensation\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>No, a 415(m) Participant cannot elect to defer compensation under the Excess Benefit Plan or make employee pre-tax or after-tax contributions to it.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-415m-direct-investment\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-415m-direct-investment\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-415m-direct-investment\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-415m-direct-investment\"><h3>Can a 415(m) Participant direct how their account is invested?<\/h3><\/button><div id=\"accordion-collapse-accordion-415m-direct-investment\" aria-labelledby=\"accordion-heading-accordion-415m-direct-investment\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Yes, a 415(m) participant can direct how their 415(m) account is invested.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-415m-termination\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-415m-termination\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-415m-termination\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-415m-termination\"><h3>What happens to a Participant&#8217;s account if they are terminated from employment?<\/h3><\/button><div id=\"accordion-collapse-accordion-415m-termination\" aria-labelledby=\"accordion-heading-accordion-415m-termination\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Upon termination from employment for any reason other than death, participants in the 415(m) plan shall receive their vested account funds in a single cash lump sum payment. Additionally, individuals are mandated to take a full cash distribution within 60 days following separation from service.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-415m-when-dist-commence\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-415m-when-dist-commence\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-415m-when-dist-commence\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-415m-when-dist-commence\"><h3>When must distributions commence for a participant who is terminated from employment?<\/h3><\/button><div id=\"accordion-collapse-accordion-415m-when-dist-commence\" aria-labelledby=\"accordion-heading-accordion-415m-when-dist-commence\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Distributions for a 415(m) participant who is terminated from employment must commence as soon as practicable, but not later than the sixtieth (60th) day following termination of employment.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-415m-doubt-correctness\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-415m-doubt-correctness\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-415m-doubt-correctness\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-415m-doubt-correctness\"><h3>What happens if the Administrator is in doubt concerning the correctness of any benefit payment under the Excess Benefit Plan?<\/h3><\/button><div id=\"accordion-collapse-accordion-415m-doubt-correctness\" aria-labelledby=\"accordion-heading-accordion-415m-doubt-correctness\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>If the Administrator is in doubt concerning the correctness of any benefit payment under the Excess Benefit Plan, they may suspend payment until satisfied as to the accuracy of such payment.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-415m-claim-denied\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-415m-claim-denied\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-415m-claim-denied\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-415m-claim-denied\"><h3>What is the procedure for a Participant who makes a written claim for benefits under the Excess Benefit Plan and the request is denied?<\/h3><\/button><div id=\"accordion-collapse-accordion-415m-claim-denied\" aria-labelledby=\"accordion-heading-accordion-415m-claim-denied\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>If a 415(m) Participant makes a written claim for benefits under the Excess Benefit Plan to the Employer or Vendor, and the written request is denied, the Employer or Vendor shall provide a written denial to the 415(m) Participant within a reasonable period of time. The denial must include the specific reason for denial, the provisions of the Excess Benefit Plan and\/or Funding Vehicles on which the denial is based, and how to apply for a review of the denied claim.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-415m-termination-401a\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-415m-termination-401a\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-415m-termination-401a\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-415m-termination-401a\"><h3>What happens to the Excess Benefit Plan upon termination of the 401(a) Plan?<\/h3><\/button><div id=\"accordion-collapse-accordion-415m-termination-401a\" aria-labelledby=\"accordion-heading-accordion-415m-termination-401a\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>The Excess Benefit Plan shall terminate automatically on termination of the 401(a) Plan. Following such termination, all 415(m) accounts shall be distributed in accordance with the applicable provisions of the plan.<\/p>\n<\/div><\/div><\/div>\n<\/div>\n        <\/div>\n    <\/div>\n\n    \n\n\n    <div id=\"457b\" class=\"card-standard content-box default-shadow   fade-in\">\n        <div class=\"content-box-header\">\n            <div class=\"columns\">\n                <div class=\"column\">\n                    <h2>457(b)<\/h2>\n                <\/div>\n            <\/div>\n        <\/div>\n        <div class=\"institution-border\">\n            <svg class=\"border-block csn\"><rect  \/><\/svg>\n            <svg class=\"border-block dri\"><rect  \/><\/svg>\n            <svg class=\"border-block gbc\"><rect  \/><\/svg>\n            <svg class=\"border-block nsc\"><rect  \/><\/svg>\n            <svg class=\"border-block tmcc\"><rect  \/><\/svg>\n            <svg class=\"border-block unlv\"><rect  \/><\/svg>\n            <svg class=\"border-block unr\"><rect  \/><\/svg>\n            <svg class=\"border-block wnc\"><rect  \/><\/svg>\n        <\/div>\n        <div class=\"content-box-body\">\n            \n<div>\n<p><\/p>\n\n\n\n<div id=\"accordion-457b-who-eligible\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-457b-who-eligible\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-457b-who-eligible\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-457b-who-eligible\"><h3>Who is eligible to enroll?<\/h3><\/button><div id=\"accordion-collapse-accordion-457b-who-eligible\" aria-labelledby=\"accordion-heading-accordion-457b-who-eligible\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>All current employees of the State of Nevada, including Higher Education, are immediately eligible to participate in the Plan. Seasonal and temporary employees are also eligible.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-what-is-457\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-what-is-457\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-what-is-457\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-what-is-457\"><h3>What is a 457 deferred compensation plan?<\/h3><\/button><div id=\"accordion-collapse-accordion-what-is-457\" aria-labelledby=\"accordion-heading-accordion-what-is-457\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>A governmental 457(b) deferred compensation plan (457 plan) is a retirement savings plan that allows eligible employees to supplement any existing retirement and pension benefits by saving and investing pre-tax dollars through voluntary salary deferral. Contributions and any earnings on contributions are tax-deferred until money is withdrawn. Distributions are usually taken at retirement when many participants are typically receiving less income, and may be in a lower income tax bracket than while working. Distributions are subject to ordinary income tax.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-457b-why-participate\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-457b-why-participate\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-457b-why-participate\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-457b-why-participate\"><h3>Why should I participate in the Plan?<\/h3><\/button><div id=\"accordion-collapse-accordion-457b-why-participate\" aria-labelledby=\"accordion-heading-accordion-457b-why-participate\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>You may want to participate if you are interested in saving and investing additional money for retirement and\/or reducing the amount of current federal income tax you pay each year. Your Nevada Deferred Compensation Plan can be an excellent tool to help make your future more secure. View <a href=\"https:\/\/nevada.voya.com\/einfo\/pdfs\/forms\/nevada\/NDC_Plan_Highlights.pdf\">Your Plan&#8230;Your Future<\/a> presentation for more information.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-457b-rollover-former-plan\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-457b-rollover-former-plan\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-457b-rollover-former-plan\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-457b-rollover-former-plan\"><h3>May I roll over my account from my former employer\u2019s plan?<\/h3><\/button><div id=\"accordion-collapse-accordion-457b-rollover-former-plan\" aria-labelledby=\"accordion-heading-accordion-457b-rollover-former-plan\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Yes. But only approved balances from an eligible governmental 457(b), 401(k), 403(b) or 401(a) plan or an Individual Retirement Account (IRA) may be rolled over to the Plan.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-457b-when-receive-dist\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-457b-when-receive-dist\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-457b-when-receive-dist\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-457b-when-receive-dist\"><h3>When can I receive a distribution from my account?<\/h3><\/button><div id=\"accordion-collapse-accordion-457b-when-receive-dist\" aria-labelledby=\"accordion-heading-accordion-457b-when-receive-dist\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Qualifying distribution events are as follows: retirement (including retirement due to permanent disability); unforeseeable emergency (as defined by the Internal Revenue Code and your Plan&#8217;s provisions); severance of employment (as defined by applicable Internal Revenue Code provisions); attainment of age 72 death (your beneficiary receives your benefits); in-service transfer to purchase service credit.<\/p>\n\n\n\n<p>Participants are not required to take a distribution until they are 72 and can leave their account balance in the Plan until that time, even if a qualifying event has occurred.<\/p>\n\n\n\n<p>All distributions are subject to ordinary income tax unless it is directly rolled over to another eligible plan that accepts rollover or IRA or the distribution is used as an in-service transfer to purchase service credit.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-457b-what-dist-options\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-457b-what-dist-options\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-457b-what-dist-options\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-457b-what-dist-options\"><h3>What are my distribution options?<\/h3><\/button><div id=\"accordion-collapse-accordion-457b-what-dist-options\" aria-labelledby=\"accordion-heading-accordion-457b-what-dist-options\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Periodic payments, fixed annuity payments, partial lump sim with remainder paid as periodic payments, lump sum. Roll over your account balance to an eligible governmental 457(b), 401(k), 403(b) or 401(a) plan or to an IRA.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-457b-can-purchase-pers-credit\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-457b-can-purchase-pers-credit\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-457b-can-purchase-pers-credit\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-457b-can-purchase-pers-credit\"><h3>Can I use my 457(b) to purchase PERS service credit?<\/h3><\/button><div id=\"accordion-collapse-accordion-457b-can-purchase-pers-credit\" aria-labelledby=\"accordion-heading-accordion-457b-can-purchase-pers-credit\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>You may request a transfer from your NDC account to Nevada PERS for service repurchase or payment while you are still working. This is a non-taxable transfer. To determine eligibility and cost, please contact Nevada PERS 1 (866) 473-7768.&nbsp;<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-457b-financial-hardship\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-457b-financial-hardship\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-457b-financial-hardship\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-457b-financial-hardship\"><h3>Am I able to receive a distribution if I have a financial hardship?<\/h3><\/button><div id=\"accordion-collapse-accordion-457b-financial-hardship\" aria-labelledby=\"accordion-heading-accordion-457b-financial-hardship\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>You must provide proof of financial hardship based on an unforeseen emergency. Strict federal guidelines determine whether or not your request will be approved.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-457b-death\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-457b-death\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-457b-death\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-457b-death\"><h3>What happens to my accounts when I die?<\/h3><\/button><div id=\"accordion-collapse-accordion-457b-death\" aria-labelledby=\"accordion-heading-accordion-457b-death\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Your designated benificiary(ies) will receive the remaining value of your account, if any. Your beneficiary must contact a Voya Financial Representative to request distribution.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-457b-investment-fees\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-457b-investment-fees\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-457b-investment-fees\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-457b-investment-fees\"><h3>Are there any fees for the investment options?<\/h3><\/button><div id=\"accordion-collapse-accordion-457b-investment-fees\" aria-labelledby=\"accordion-heading-accordion-457b-investment-fees\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>The Plan&#8217;s recordkeeping, compliance and administrative costs are paid for by participants. A per-account cost of $10.25 is assessed quarterly on&nbsp; all participant accounts with a total balance of $1,000 or more, regardless of how they are invested. The $10.25 charge will show as a line item on your quartley statement. Each of the investment options offered by the Plan has a fund operating expense. In addition, some mutual fund companies share fund revenue with the Plan\u2019s contracted recordkeeper, Voya Financial. The fee amounts vary based on the investment option and are deducted directly from the fund\u2019s daily price. Any revenue received by the contracted recordkeeper from the mutual fund company that is in excess of the recordkeeping costs is credited back to participant accounts and noted as a line item on your quarterly account statements. For a complete description, please refer to the fund prospectus or log into your account at <a href=\"https:\/\/login.voya.com\/voyassoui\/index.html?domain=nevada.voya.com#\/login-pweb\">nevada.beready2retire.com<\/a>.<br><br>The fee structure allows participants to keep a greater proportion of their investment dollars by applying the same cost regardless of the investment options they chose. It also ensures that the cost of administering the Plan is shared equitably by all participants.<\/p>\n<\/div><\/div><\/div>\n<\/div>\n        <\/div>\n    <\/div>\n\n    \n\n\n    <div id=\"nv-pers\" class=\"card-standard content-box default-shadow   fade-in\">\n        <div class=\"content-box-header\">\n            <div class=\"columns\">\n                <div class=\"column\">\n                    <h2>NV PERS<\/h2>\n                <\/div>\n            <\/div>\n        <\/div>\n        <div class=\"institution-border\">\n            <svg class=\"border-block csn\"><rect  \/><\/svg>\n            <svg class=\"border-block dri\"><rect  \/><\/svg>\n            <svg class=\"border-block gbc\"><rect  \/><\/svg>\n            <svg class=\"border-block nsc\"><rect  \/><\/svg>\n            <svg class=\"border-block tmcc\"><rect  \/><\/svg>\n            <svg class=\"border-block unlv\"><rect  \/><\/svg>\n            <svg class=\"border-block unr\"><rect  \/><\/svg>\n            <svg class=\"border-block wnc\"><rect  \/><\/svg>\n        <\/div>\n        <div class=\"content-box-body\">\n            \n<div>\n<p><\/p>\n\n\n\n<div id=\"accordion-nvpers-how-calculated\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-nvpers-how-calculated\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-nvpers-how-calculated\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-nvpers-how-calculated\"><h3>How is my NVPERS benefit calculated when I retire?<\/h3><\/button><div id=\"accordion-collapse-accordion-nvpers-how-calculated\" aria-labelledby=\"accordion-heading-accordion-nvpers-how-calculated\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Your service credit is multiplied by the service time multiplier (2.5% for each year completed prior to July 1, 2001 and 2.67% for each year completed on or after July 1, 2001). The total percentage earned is then multiplied by your average compensation.<\/p>\n\n\n\n<p>Members enrolled in PERS on or after January 1, 2010 through June 30, 2015 receive 2.5% for all service earned in the system.<\/p>\n\n\n\n<p>Members newly enrolled in PERS on or after July 1, 2015 receive 2.25% for all service earned in the system.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-nvpers-when-benefit-change\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-nvpers-when-benefit-change\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-nvpers-when-benefit-change\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-nvpers-when-benefit-change\"><h3>When did the maximum benefit percentage change from 90% to 75%?<\/h3><\/button><div id=\"accordion-collapse-accordion-nvpers-when-benefit-change\" aria-labelledby=\"accordion-heading-accordion-nvpers-when-benefit-change\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>The change became effective July 1, 1985. Members enrolled in PERS before July 1, 1985 may still receive up to 90% of their average compensation when they retire. Those hired on or after July 1, 1985, may earn a maximum of 75% of their average compensation when they retire. The percentage is calculated for each member based on the years, months and days of service they earn while employed with a Nevada public employer in a PERS eligible position.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-nvpers-how-new-rate-compute\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-nvpers-how-new-rate-compute\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-nvpers-how-new-rate-compute\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-nvpers-how-new-rate-compute\"><h3>How does the 75% at 30 years of service compute with the new rate of 2.67%?<\/h3><\/button><div id=\"accordion-collapse-accordion-nvpers-how-new-rate-compute\" aria-labelledby=\"accordion-heading-accordion-nvpers-how-new-rate-compute\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Service credit earned before July 1, 2001, will be calculated using the 2.67% multiplier. Service credit earned on or after July 1, 2001 through June 30, 2015 will be calculated using the 2.5% multiplier. Service credit earned on or after July 1, 2015 will be calculated using the 2.25%  Members may reach the 75% Service Time Factor before completing 30 years of service.<\/p>\n\n\n\n<p>Members enrolled in PERS on or after January 1, 2010 through June 30, 2015 receive 2.5% for all service earned and are not entitled to the 2.67% Service Time Factor.<\/p>\n\n\n\n<p>Member newly enrolled in PERS on or after July 1, 2015 receive 2.25% for all service earned and are not entitled to the 2.67% Service Time Factor. <\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-nvpers-when-statementes-issued\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-nvpers-when-statementes-issued\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-nvpers-when-statementes-issued\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-nvpers-when-statementes-issued\"><h3>When are Member Statements issued?<\/h3><\/button><div id=\"accordion-collapse-accordion-nvpers-when-statementes-issued\" aria-labelledby=\"accordion-heading-accordion-nvpers-when-statementes-issued\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Member Statements are issued in yearly cycles for each of the public employers. If you wish to obtain current information regarding your account before your next Member Statement, you may set up a username and password to access the information via this website.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-nvpers-refi-letter\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-nvpers-refi-letter\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-nvpers-refi-letter\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-nvpers-refi-letter\"><h3>I need a letter stating what is in my account because I&#8217;m refinancing my house. How do I get it?<\/h3><\/button><div id=\"accordion-collapse-accordion-nvpers-refi-letter\" aria-labelledby=\"accordion-heading-accordion-nvpers-refi-letter\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Please contact the PERS office and speak with a PERS representative who will initiate your request.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-nvpers-can-borrow-buy-home\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-nvpers-can-borrow-buy-home\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-nvpers-can-borrow-buy-home\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-nvpers-can-borrow-buy-home\"><h3>Can I borrow against my PERS account to buy a home?<\/h3><\/button><div id=\"accordion-collapse-accordion-nvpers-can-borrow-buy-home\" aria-labelledby=\"accordion-heading-accordion-nvpers-can-borrow-buy-home\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>No. There are no statutory provisions for members to borrow against their retirement accounts.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-nvpers-how-affect-me\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-nvpers-how-affect-me\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-nvpers-how-affect-me\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-nvpers-how-affect-me\"><h3>How will an increase in retirement contribution rates affect me?<\/h3><\/button><div id=\"accordion-collapse-accordion-nvpers-how-affect-me\" aria-labelledby=\"accordion-heading-accordion-nvpers-how-affect-me\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>If you are under the Employee\/Employer Contribution Plan, the retirement deduction from your paycheck will increase. If you are under the Employer-Pay Contribution Plan, your portion of the increase will either be paid through salary reduction or in lieu of a pay increase depending on the employer for whom you work.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-nvpers-find-beneficiary\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-nvpers-find-beneficiary\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-nvpers-find-beneficiary\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-nvpers-find-beneficiary\"><h3>How do I find out who I have listed as my beneficiary?<\/h3><\/button><div id=\"accordion-collapse-accordion-nvpers-find-beneficiary\" aria-labelledby=\"accordion-heading-accordion-nvpers-find-beneficiary\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Log into your account using the username and password you selected. Click on &#8220;Account&#8221; to see your beneficiaries and their relationships.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-nvpers-plan-difference\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-nvpers-plan-difference\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-nvpers-plan-difference\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-nvpers-plan-difference\"><h3>What is the difference between the Employee\/Employer Pay Plan and the Employer Pay Plan? How does the choice of plan affect my retirement benefit?<\/h3><\/button><div id=\"accordion-collapse-accordion-nvpers-plan-difference\" aria-labelledby=\"accordion-heading-accordion-nvpers-plan-difference\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Under the Employee\/Employer Pay Plan (EES\/ERS) the member pays 50% of the retirement contributions through a payroll deduction and the employer pays the other 50% of the contributions. If you terminate employment, you may elect to refund the employee contributions you personally paid into the system, which will cancel your membership in PERS. <\/p>\n\n\n\n<p>Under the Employer Pay Plan (ER Paid or EPC), the employee pays for their portion of the contribution through a salary reduction or in lieu of pay increase and the employer pays 100% of the retirement contributions to PERS. Under this plan, the member does not accrue refundable contributions and will retain their service credit in the event of termination. In addition, your average compensation is adjusted at the time of retirement if you are under the ER Paid plan.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-nvpers-ready-to-retire\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-nvpers-ready-to-retire\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-nvpers-ready-to-retire\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-nvpers-ready-to-retire\"><h3>I am getting ready to retire, what steps do I take?<\/h3><\/button><div id=\"accordion-collapse-accordion-nvpers-ready-to-retire\" aria-labelledby=\"accordion-heading-accordion-nvpers-ready-to-retire\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Six to eight months before your intended retirement date, we recommend you review the&nbsp;Pre-Retirement Guide&nbsp;publication and obtain an estimate of your retirement benefit by contacting one of our offices and requesting one. Up to six months before your intended retirement date, you will need to complete and return an Application for retirement benefits.<\/p>\n\n\n\n<p>Applications can be mailed to you or are available in our offices. Counselors are available to assist you in completing your application in both our Carson City and Las Vegas offices, or you may mail in your completed application directly to our Carson City office.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-nvpers-service-credit\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-nvpers-service-credit\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-nvpers-service-credit\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-nvpers-service-credit\"><h3>What is service credit? How do I earn service credit?<\/h3><\/button><div id=\"accordion-collapse-accordion-nvpers-service-credit\" aria-labelledby=\"accordion-heading-accordion-nvpers-service-credit\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Six to eight months before your intended retirement date, we recommend you review the&nbsp;Pre-Retirement Guide&nbsp;publication and obtain an estimate of your retirement benefit by contacting one of our offices and requesting one. Up to six months before your intended retirement date, you will need to complete and return an Application for retirement benefits.<\/p>\n\n\n\n<p>Applications can be mailed to you or are available in our offices. Counselors are available to assist you in completing your application in both our Carson City and Las Vegas offices, or you may mail in your completed application directly to our Carson City office.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-nvpers-service-credit-how-much\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-nvpers-service-credit-how-much\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-nvpers-service-credit-how-much\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-nvpers-service-credit-how-much\"><h3>Where can I find out how much service credit I have?<\/h3><\/button><div id=\"accordion-collapse-accordion-nvpers-service-credit-how-much\" aria-labelledby=\"accordion-heading-accordion-nvpers-service-credit-how-much\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Create a username and password on our website and then log into your account to see your accumulative service credit. You may also call one of our offices and speak with a PERS representative or review your service credit on your Member Statement.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-nvpers-why-designate-survivor\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-nvpers-why-designate-survivor\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-nvpers-why-designate-survivor\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-nvpers-why-designate-survivor\"><h3>Why do I need to designate a survivor beneficiary if I am married?<\/h3><\/button><div id=\"accordion-collapse-accordion-nvpers-why-designate-survivor\" aria-labelledby=\"accordion-heading-accordion-nvpers-why-designate-survivor\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>A Survivor Beneficiary applies to both married and single members who have not retired. In the event of simultaneous death of you and your spouse or registered domestic partner, your designated Survivor Beneficiary will receive the lifetime benefit your spouse or registered domestic partner would have received. You may also choose to designate additional payees to share the survivor beneficiary benefit based on a percentage you indicate on your form.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-nvpers-if-terminated\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-nvpers-if-terminated\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-nvpers-if-terminated\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-nvpers-if-terminated\"><h3>If I am terminated by my employer or I quit, do I lose my future retirement benefit?<\/h3><\/button><div id=\"accordion-collapse-accordion-nvpers-if-terminated\" aria-labelledby=\"accordion-heading-accordion-nvpers-if-terminated\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>As long as you do not take a refund of employee contributions, your service credit will not be cancelled. The service credit you earned as of the date you stopped working will remain in the System. Should you later return to employment with a Nevada public employer in a PERS eligible position, your new service credit will be combined with your previous service.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-nvpers-pay-back-refund\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-nvpers-pay-back-refund\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-nvpers-pay-back-refund\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-nvpers-pay-back-refund\"><h3>Several years ago I took a refund of my personal contributions, how do I pay this back and restore the service credit?<\/h3><\/button><div id=\"accordion-collapse-accordion-nvpers-pay-back-refund\" aria-labelledby=\"accordion-heading-accordion-nvpers-pay-back-refund\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Once you have been re-employed by a Nevada public employer and earned six months of service credit, you can repay your refund. Contact one of our offices and we can provide you with an estimate of what it will cost and the amount of service credit that will be restored. When you are ready to repay the refund, you must request a Repayment Agreement from the PERS office which will list the conditions of your repayment. You may repay the refund through a lump-sum payment, through payroll deductions with interest, or by a lump-sum rollover from a qualified tax-deferred plan.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-nvpers-notify-purchase\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-nvpers-notify-purchase\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-nvpers-notify-purchase\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-nvpers-notify-purchase\"><h3>When do I notify PERS that I want to purchase service?<\/h3><\/button><div id=\"accordion-collapse-accordion-nvpers-notify-purchase\" aria-labelledby=\"accordion-heading-accordion-nvpers-notify-purchase\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Members who were first enrolled in PERS after January 1, 2000, must request a purchase of service agreement from PERS while they are still actively employed by their public employer. Members who are planning to purchase service and then immediately retire have additional deadlines to meet in order to purchase service. It is best to contact us no later than 30 days before your last day of employment. The earlier you notify PERS, the better.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-nvpers-cost-purchase-service\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-nvpers-cost-purchase-service\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-nvpers-cost-purchase-service\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-nvpers-cost-purchase-service\"><h3>When do I notify PERS that I want to purchase service?<\/h3><\/button><div id=\"accordion-collapse-accordion-nvpers-cost-purchase-service\" aria-labelledby=\"accordion-heading-accordion-nvpers-cost-purchase-service\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>The cost to purchase service is determined based on two factors: Your average compensation (the monthly average of your 36 highest months of consecutive salary) and your age at the time of the purchase. On average, the cost for a one year purchase is approximately one-third of your annual salary. Typically, the purchase rates increase with your age. To get an idea of what your purchase cost will be, go to the OSC Estimator or log-in to your member account and click on &#8220;Service Credit Purchase Estimate.&#8221;<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-nvpers-how-pay-service\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-nvpers-how-pay-service\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-nvpers-how-pay-service\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-nvpers-how-pay-service\"><h3>How do I pay for a purchase of service?<\/h3><\/button><div id=\"accordion-collapse-accordion-nvpers-how-pay-service\" aria-labelledby=\"accordion-heading-accordion-nvpers-how-pay-service\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>A purchase of service may be paid for in one of three ways: (1) a lump-sum payment, (2) Payroll deductions (if you choose to have a payroll deduction, 8% interest will be added to your total purchase cost for the timeframe in which you make payments) and (3) direct rollovers from qualified annuity and IRA plans described in sections 401(a), 403(b), and 457(b) of the Internal Revenue Code. This would include using any employer sponsored deferred compensation plans in which you may participate.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-nvpers-what-procedures-purchase\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-nvpers-what-procedures-purchase\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-nvpers-what-procedures-purchase\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-nvpers-what-procedures-purchase\"><h3>What are the procedures to purchase service?<\/h3><\/button><div id=\"accordion-collapse-accordion-nvpers-what-procedures-purchase\" aria-labelledby=\"accordion-heading-accordion-nvpers-what-procedures-purchase\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Contact one of our offices and request an agreement for a purchase of service. We will confirm how you plan to pay for the purchase at that time. An agreement will be mailed to you within 10-14 business days. Your agreement will include specific instructions and the terms of the contract. You will have 60 days to activate the agreement by signing and returning it to our office.<\/p>\n\n\n\n<p>If you request a rollover agreement, the agreement will include an additional form that you must provide to your tax deferred administrator. If you request a payroll deduction, the agreement will include a form that you must provide to your agency payroll office. Once your purchase is paid in full, you will receive written confirmation and the service credit will be added to your account.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-nvpers-how-payoff\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-nvpers-how-payoff\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-nvpers-how-payoff\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-nvpers-how-payoff\"><h3>How do I payoff my purchase of service agreement?<\/h3><\/button><div id=\"accordion-collapse-accordion-nvpers-how-payoff\" aria-labelledby=\"accordion-heading-accordion-nvpers-how-payoff\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>The first step is to contact PERS and request a payoff amount. PERS will calculate the payoff amount, including interest, and provide the amount to you in writing. You will have several options for paying off the balance due; lump-sum payment or with a direct rollover. If you have been paying for your purchase through a payroll deduction, you will be responsible for notifying your payroll office to stop the deduction. PERS representatives are available to discuss how a payoff works and the paperwork required.<\/p>\n<\/div><\/div><\/div>\n<\/div>\n        <\/div>\n    <\/div>\n\n    \n\n\n    <div id=\"loans\" class=\"card-standard content-box default-shadow   fade-in\">\n        <div class=\"content-box-header\">\n            <div class=\"columns\">\n                <div class=\"column\">\n                    <h2>Loans<\/h2>\n                <\/div>\n            <\/div>\n        <\/div>\n        <div class=\"institution-border\">\n            <svg class=\"border-block csn\"><rect  \/><\/svg>\n            <svg class=\"border-block dri\"><rect  \/><\/svg>\n            <svg class=\"border-block gbc\"><rect  \/><\/svg>\n            <svg class=\"border-block nsc\"><rect  \/><\/svg>\n            <svg class=\"border-block tmcc\"><rect  \/><\/svg>\n            <svg class=\"border-block unlv\"><rect  \/><\/svg>\n            <svg class=\"border-block unr\"><rect  \/><\/svg>\n            <svg class=\"border-block wnc\"><rect  \/><\/svg>\n        <\/div>\n        <div class=\"content-box-body\">\n            \n<div>\n<p><\/p>\n\n\n\n<div id=\"accordion-nvpers-how-calculated\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-nvpers-how-calculated\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-nvpers-how-calculated\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-nvpers-how-calculated\"><h3>Who is eligible to take a loan?<\/h3><\/button><div id=\"accordion-collapse-accordion-nvpers-how-calculated\" aria-labelledby=\"accordion-heading-accordion-nvpers-how-calculated\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Anyone who contributes to the RPA or 403(b) plan is eligible, with the exception of graduate assistants, postdoctoral fellows, and medical residents.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-nvpers-when-benefit-change\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-nvpers-when-benefit-change\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-nvpers-when-benefit-change\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-nvpers-when-benefit-change\"><h3>How many loans can I take?<\/h3><\/button><div id=\"accordion-collapse-accordion-nvpers-when-benefit-change\" aria-labelledby=\"accordion-heading-accordion-nvpers-when-benefit-change\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>You may take up to two general-purpose loans and one home loan.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-nvpers-how-new-rate-compute\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-nvpers-how-new-rate-compute\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-nvpers-how-new-rate-compute\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-nvpers-how-new-rate-compute\"><h3>How are my loans funded?<\/h3><\/button><div id=\"accordion-collapse-accordion-nvpers-how-new-rate-compute\" aria-labelledby=\"accordion-heading-accordion-nvpers-how-new-rate-compute\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Loans are funded from your employee contribution sources only.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-nvpers-when-statementes-issued\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-nvpers-when-statementes-issued\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-nvpers-when-statementes-issued\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-nvpers-when-statementes-issued\"><h3>What is the maximum amount I can request?<\/h3><\/button><div id=\"accordion-collapse-accordion-nvpers-when-statementes-issued\" aria-labelledby=\"accordion-heading-accordion-nvpers-when-statementes-issued\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>The maximum is the lesser of $50,000 or 50% of your account balance.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-previous-loan-default\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-previous-loan-default\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-previous-loan-default\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-previous-loan-default\"><h3>I defaulted on a previous loan. Can I request another one?<\/h3><\/button><div id=\"accordion-collapse-accordion-previous-loan-default\" aria-labelledby=\"accordion-heading-accordion-previous-loan-default\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>No. Once you have defaulted on a loan, you are no longer eligible to take loans from the NSHE plans.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-loan-who-contact\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-loan-who-contact\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-loan-who-contact\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-loan-who-contact\"><h3>Who do I contact for more information about eligibility, maximum loan amounts, and interest rates?<\/h3><\/button><div id=\"accordion-collapse-accordion-loan-who-contact\" aria-labelledby=\"accordion-heading-accordion-loan-who-contact\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>TIAA at 800-842-2252<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-loan-who-contact\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-loan-who-contact\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-loan-who-contact\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-loan-who-contact\"><h3>Is there a loan policy I can read to get more information?<\/h3><\/button><div id=\"accordion-collapse-accordion-loan-who-contact\" aria-labelledby=\"accordion-heading-accordion-loan-who-contact\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Yes; <a href=\"https:\/\/nshe.nevada.edu\/system-administration\/wp-content\/uploads\/sites\/2\/2026\/01\/Attachment1_LoanPolicy_Updated_December2021_FINAL.pdf\" data-type=\"link\" data-id=\"https:\/\/nshe.nevada.edu\/system-administration\/wp-content\/uploads\/sites\/2\/2026\/01\/Attachment1_LoanPolicy_Updated_December2021_FINAL.pdf\">NSHE Loan Policy<\/a><\/p>\n<\/div><\/div><\/div>\n<\/div>\n        <\/div>\n    <\/div>\n\n    \n\n\n    <div id=\"withdrawal\" class=\"card-standard content-box default-shadow   fade-in\">\n        <div class=\"content-box-header\">\n            <div class=\"columns\">\n                <div class=\"column\">\n                    <h2>Withdrawals<\/h2>\n                <\/div>\n            <\/div>\n        <\/div>\n        <div class=\"institution-border\">\n            <svg class=\"border-block csn\"><rect  \/><\/svg>\n            <svg class=\"border-block dri\"><rect  \/><\/svg>\n            <svg class=\"border-block gbc\"><rect  \/><\/svg>\n            <svg class=\"border-block nsc\"><rect  \/><\/svg>\n            <svg class=\"border-block tmcc\"><rect  \/><\/svg>\n            <svg class=\"border-block unlv\"><rect  \/><\/svg>\n            <svg class=\"border-block unr\"><rect  \/><\/svg>\n            <svg class=\"border-block wnc\"><rect  \/><\/svg>\n        <\/div>\n        <div class=\"content-box-body\">\n            \n<div>\n<p><\/p>\n\n\n\n<div id=\"accordion-nvpers-how-calculated\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-nvpers-how-calculated\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-nvpers-how-calculated\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-nvpers-how-calculated\"><h3>What types of new withdrawals are available?<\/h3><\/button><div id=\"accordion-collapse-accordion-nvpers-how-calculated\" aria-labelledby=\"accordion-heading-accordion-nvpers-how-calculated\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Withdrawals are allowed for:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Birth or adoption<\/li>\n\n\n\n<li>Domestic violence (DM)<\/li>\n\n\n\n<li>Federal disaster relief<\/li>\n<\/ol>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-nvpers-when-benefit-change\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-nvpers-when-benefit-change\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-nvpers-when-benefit-change\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-nvpers-when-benefit-change\"><h3>What is the maximum withdrawal for birth or adoption?<\/h3><\/button><div id=\"accordion-collapse-accordion-nvpers-when-benefit-change\" aria-labelledby=\"accordion-heading-accordion-nvpers-when-benefit-change\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Up to $5,000.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-nvpers-how-new-rate-compute\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-nvpers-how-new-rate-compute\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-nvpers-how-new-rate-compute\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-nvpers-how-new-rate-compute\"><h3>What is the deadline for requesting a birth\/adoption withdrawal?<\/h3><\/button><div id=\"accordion-collapse-accordion-nvpers-how-new-rate-compute\" aria-labelledby=\"accordion-heading-accordion-nvpers-how-new-rate-compute\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>You must request the withdrawal within 12 months after the birth or adoption.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-nvpers-when-statementes-issued\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-nvpers-when-statementes-issued\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-nvpers-when-statementes-issued\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-nvpers-when-statementes-issued\"><h3>If my spouse and I both work for NSHE, can we each request $5,000?<\/h3><\/button><div id=\"accordion-collapse-accordion-nvpers-when-statementes-issued\" aria-labelledby=\"accordion-heading-accordion-nvpers-when-statementes-issued\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Yes. As long as you both have sufficient employee contributions, you may each withdraw up to $5,000.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-nvpers-refi-letter\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-nvpers-refi-letter\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-nvpers-refi-letter\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-nvpers-refi-letter\"><h3>What is the maximum withdrawal for domestic violence?<\/h3><\/button><div id=\"accordion-collapse-accordion-nvpers-refi-letter\" aria-labelledby=\"accordion-heading-accordion-nvpers-refi-letter\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>The lesser of $10,000 or 50% of your account balance.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-nvpers-can-borrow-buy-home\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-nvpers-can-borrow-buy-home\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-nvpers-can-borrow-buy-home\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-nvpers-can-borrow-buy-home\"><h3>What is the timeline for requesting a domestic violence withdrawal?<\/h3><\/button><div id=\"accordion-collapse-accordion-nvpers-can-borrow-buy-home\" aria-labelledby=\"accordion-heading-accordion-nvpers-can-borrow-buy-home\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>You must certify that the withdrawal is due to domestic violence experienced within the past 12 months.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-nvpers-how-affect-me\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-nvpers-how-affect-me\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-nvpers-how-affect-me\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-nvpers-how-affect-me\"><h3>What is the maximum withdrawal for a federal disaster?<\/h3><\/button><div id=\"accordion-collapse-accordion-nvpers-how-affect-me\" aria-labelledby=\"accordion-heading-accordion-nvpers-how-affect-me\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Up to $22,000.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-nvpers-find-beneficiary\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-nvpers-find-beneficiary\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-nvpers-find-beneficiary\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-nvpers-find-beneficiary\"><h3>How are these withdrawals funded?<\/h3><\/button><div id=\"accordion-collapse-accordion-nvpers-find-beneficiary\" aria-labelledby=\"accordion-heading-accordion-nvpers-find-beneficiary\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>All withdrawal options are funded only from your employee contributions.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-nvpers-plan-difference\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-nvpers-plan-difference\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-nvpers-plan-difference\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-nvpers-plan-difference\"><h3>What are the tax implications of these withdrawals?<\/h3><\/button><div id=\"accordion-collapse-accordion-nvpers-plan-difference\" aria-labelledby=\"accordion-heading-accordion-nvpers-plan-difference\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Withdrawals are considered taxable income unless repaid.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-nvpers-ready-to-retire\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-nvpers-ready-to-retire\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-nvpers-ready-to-retire\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-nvpers-ready-to-retire\"><h3>Is there an early withdrawal penalty?<\/h3><\/button><div id=\"accordion-collapse-accordion-nvpers-ready-to-retire\" aria-labelledby=\"accordion-heading-accordion-nvpers-ready-to-retire\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>No early withdrawal penalty applies, but income tax still applies.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-nvpers-service-credit\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-nvpers-service-credit\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-nvpers-service-credit\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-nvpers-service-credit\"><h3>If I repay the withdrawal over three years, how will that affect my taxes?<\/h3><\/button><div id=\"accordion-collapse-accordion-nvpers-service-credit\" aria-labelledby=\"accordion-heading-accordion-nvpers-service-credit\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>You will be taxed on the withdrawal as ordinary income. If you choose to repay the withdrawal, you\u2019ll receive a 1099 form for tax filing, and repayment may reduce your taxable income.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-nvpers-service-credit\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-nvpers-service-credit\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-nvpers-service-credit\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-nvpers-service-credit\"><h3>Am I required to repay the withdrawal?<\/h3><\/button><div id=\"accordion-collapse-accordion-nvpers-service-credit\" aria-labelledby=\"accordion-heading-accordion-nvpers-service-credit\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>No. Repayment is optional, but it can help restore your retirement savings and may reduce taxable income.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-nvpers-service-credit\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-nvpers-service-credit\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-nvpers-service-credit\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-nvpers-service-credit\"><h3>Will these withdrawals affect my ability to take future loans?<\/h3><\/button><div id=\"accordion-collapse-accordion-nvpers-service-credit\" aria-labelledby=\"accordion-heading-accordion-nvpers-service-credit\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>Withdrawals only affect the funds available for loans. As long as you meet eligibility requirements and sufficient funds remain in your employee contributions, you may still take the maximum loan amount (up to $50,000) in addition to eligible withdrawals.<\/p>\n<\/div><\/div><\/div>\n\n\n\n<div id=\"accordion-who-contact\" class=\"wp-block-cgb-scs-accordion nshe-accordion\"><button id=\"accordion-heading-accordion-who-contact\" class=\"vanilla-accordion nshe-accordion accordion-tab \" role=\"button\" data-target=\"#accordion-collapse-accordion-who-contact\" aria-expanded=\"false\" aria-controls=\"accordion-collapse-accordion-who-contact\"><h3>Who do I contact if I have questions about my available balance?<\/h3><\/button><div id=\"accordion-collapse-accordion-who-contact\" aria-labelledby=\"accordion-heading-accordion-who-contact\" class=\"vanilla-panel accordion-panel \"><div class=\"accordion-body\">\n<p>TIAA at 800-842-2252.<\/p>\n<\/div><\/div><\/div>\n<\/div>\n        <\/div>\n    <\/div>\n\n    ","protected":false},"excerpt":{"rendered":"<p>The Chancellor recently announced enhancements to the NSHE Retirement Plan. This Frequently Asked Questions provides answers to some of the questions being posed now, and those received previously through interactions with the NSHE community during the review process. Retirement FAQs by Topic<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":637,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"views\/template-1-widget-custom.blade.php","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[],"folder":[24],"class_list":["post-661","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/nshe.nevada.edu\/system-administration\/wp-json\/wp\/v2\/pages\/661","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nshe.nevada.edu\/system-administration\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/nshe.nevada.edu\/system-administration\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/nshe.nevada.edu\/system-administration\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nshe.nevada.edu\/system-administration\/wp-json\/wp\/v2\/comments?post=661"}],"version-history":[{"count":80,"href":"https:\/\/nshe.nevada.edu\/system-administration\/wp-json\/wp\/v2\/pages\/661\/revisions"}],"predecessor-version":[{"id":33378,"href":"https:\/\/nshe.nevada.edu\/system-administration\/wp-json\/wp\/v2\/pages\/661\/revisions\/33378"}],"up":[{"embeddable":true,"href":"https:\/\/nshe.nevada.edu\/system-administration\/wp-json\/wp\/v2\/pages\/637"}],"wp:attachment":[{"href":"https:\/\/nshe.nevada.edu\/system-administration\/wp-json\/wp\/v2\/media?parent=661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nshe.nevada.edu\/system-administration\/wp-json\/wp\/v2\/categories?post=661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nshe.nevada.edu\/system-administration\/wp-json\/wp\/v2\/tags?post=661"},{"taxonomy":"folder","embeddable":true,"href":"https:\/\/nshe.nevada.edu\/system-administration\/wp-json\/wp\/v2\/folder?post=661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}