Existing law creates the Interim Retirement and Benefits Committee of the Legislature to review the operation of and make recommendations regarding the Public Employees' Retirement System, Judicial Retirement System and Public Employees' Benefits Program. The Committee consists of three members of the Senate and three members of the Assembly. (NRS 218E.420) Section 1 of this bill: (1) provides for the terms of the members of the Committee, appointment of alternates and the filling of vacancies; and (2) terminates on the day next after the general election the membership of any member of the Committee who does not become a candidate for reelection or who is defeated for reelection. Existing law establishes the Legislators' Retirement System to provide benefits at retirement or death for Legislators who are members. (NRS 218C.100) The Public Employees' Retirement Board administers the Legislators' Retirement System. (NRS 218C.150) Section 1 requires the Interim Retirement and Benefits Committee to also review the operation of and make recommendations regarding the Legislators' Retirement System. Section 2 of this bill eliminates the requirements in existing law for the Fiscal Analysis Division of the Legislative Counsel Bureau to: (1) perform, to the extent of available resources, a budget stress test in each even-numbered year comparing the estimated future revenue to, and the estimated future expenditure from, the major funds in the State Treasury under various potential economic conditions; and (2) submit a report regarding the results of the budget stress test to the Governor and the Legislature and cause the posting of the report on the Internet website of the Legislature. (NRS 218F.600) Existing law creates the Legislative Bureau of Educational Accountability and Program Evaluation within the Fiscal Analysis Division. Under existing law, the Bureau is required to: (1) collect and analyze data and issue reports concerning certain provisions and programs relating to education; (2) conduct studies and analyses to evaluate the performance and progress of the system of public education within this State; and (3) submit biennial reports of its findings. (NRS 218E.625) Section 12 of this bill abolishes the Bureau. Sections 3-12 of this bill make conforming changes to remove references to the Bureau in the Nevada Revised Statutes.

Statutes affected:
As Introduced: 218E.420, 218F.600, 239.010, 385.111, 385A.010, 385A.090, 385A.400, 385A.650, 390.830, 391A.190, 391A.205
BDR: 218E.420, 218F.600, 239.010, 385.111, 385A.010, 385A.090, 385A.400, 385A.650, 390.830, 391A.190, 391A.205