The Grant Fund for Incentives for Licensed Educational Personnel is administered by the department. The Board of Trustees of each school district in Nevada is required to establish a program of incentive pay for licensed teachers, school psychologists, school librarians, school counselors, and administrators employed at the school level, which are designed to attract and retain those employees.
This budget contains the funding for remaining provisions of the 1/5th retirement credit purchase program. Personnel participating in the 1/5th purchase program in fiscal year 2007 could elect to continue until they had received five 1/5th credit purchases, at which time they would be eligible to participate in the incentive program mentioned above. NRS 391.A, previously NRS 391.165