Nevada Revised Statutes 286.017 – ‘Actuarial computation’ defined
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‘Actuarial computation’ means the computation based on benefits earned and life expectancy of member and beneficiary to determine necessary reduction of benefits under retirement options or to determine cost of purchasing additional benefits as provided in this chapter.
Terms Used In Nevada Revised Statutes 286.017
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC