Statute 287 440

1. The governing body of a political subdivision may appoint a committee to which it may delegate the responsibility for administering the program for its employees, including: (a) Collection of deferred compensation; (b) Transmittal of money collected to depositories within the State; and (c) Payment of deferred compensation to participating employees. 2. The committee may contract with a private person, corporation, institution or other entity, directly or through an agency of the political subdivision, for services necessary to the administration of the plan, including without limitation: (a) Consolidated billing; (b) Recordkeeping for each participating employee and the program; (c) Purchase, control and safeguarding of assets; (d) Communication with its employees; and (e) Administration and coordination of the program. (Added to NRS by 1979, 799)