Your comprehensive medical insurance package in retirement includes:
This is the same coverage you have as an active employee and will continue to be your primary insurance until you qualify for Medicare (generally age 65).
Nevada Administrative Code (NAC 287.135) requires that an employee must have at least 5 years of full-time service or the equivalent of a full-time employee and must be receiving benefits from his/her authorized NSHE Retirement Plan in order to continue participation in one of the State of Nevada insurance plans upon retirement.
Upon retirement, if a retiree wishes to continue medical plan participation, they must begin receipt of some form of retirement income through either PERS of Nevada or the Faculty Retirement Plan Alternative (RPA).
Medical insurance deductions are withheld by PERS from the retirees' monthly pension checks which are issued by PERS for all retirees wishing to continue insurance during retirement.
PEBP offers you a choice of charging your monthly health insurance premium to a credit card, or being billed on a monthly basis. Either way, you will complete a form that informs PEBP of your choice at time of retirement.
It is best to notify PERS in writing about six months prior to your intended retirement date. You should request a retirement estimate and application documents to be completed to initiate your benefit. The estimate provided by PERS will only give approximate figures of your retirement allowance but they will be within a reasonable range. The estimate will project your service time through your anticipated date of retirement. PERS staff is normally available for counseling weekdays at the PERS offices in Carson City and Las Vegas. PERS also periodically visits other communities throughout the state.
| Years of Service | Retirement Age |
| 5 Years | 65 |
| 10 Years | 62 |
| 30 Years | 55 |
| 33.3 Years | Any Age |
| Years of Service | Retirement Age |
| 5 Years | 65 |
| 10 Years | 60 |
| 20 Years | 50 |
If under the required retirement age, an early retirement reduction of 6% for each year will be subtracted from your monthly benefit
See for participants enrolled in PERS prior to 01/01/2010.
There are three basic factors involved in the calculation of your retirement benefit:
Carson City, NV 89703
Phone:1-775-687-4200
Toll-Free: 1-866-473-7768
Fax: 1-775-687-5131
Las Vegas, NV 89119
Toll-Free: 1-866-473-7768
Fax: 1-702-678-6934
Under the RPA, once you retire, you determine when your retirement payments begin. Within the parameters of the Plan, when you retire or terminate your employment with the NSHE, you may maintain your accounts and/or elect with the fund sponsor to begin receipt of benefits based on the terms of the RPA plan. You are immediately 100% vested in your retirement accounts.
Although income usually begins at retirement, you may elect to begin to receive your retirement income at any time after termination of employment. You may also elect to receive income while you are actively employed if you have reached the age of 62.
Retirement benefits must normally begin no later than April 1 of the calendar year following the year in which you attain age 70 1/2.
The following income options are available under this Plan (some subject to Plan limitations): single life annuities, joint and survivor annuities, cash withdrawals, fixed period annuities, systematic withdrawals, interest-only distributions, and minimum distributions.
You should contact your fund sponsor several months prior to your retirement date regarding income options and review with that fund sponsor all forms of income available to you in retirement. Income decisions should be made only after fully understanding all options and determining which options best suit your lifestyle.
You may receive a cash withdrawal from the plan after termination depending on your years of service.
If you leave the NSHE with less than 5 years of service, you are eligible to withdraw both the employer and the employee contributions in any form of withdrawal available from your RPA fund sponsor; this includes 100% cash withdrawals.
Employee contributions may be withdrawn as a cash withdrawal at any age if you leave the NSHE with 5 or more years of service.
Employer contributions may be withdrawn as a cash withdrawal only upon reaching the age of 55 or older if you leave the NSHE with 5 or more years of service. The employer contributions may be withdrawn as a lifetime annuity only if you leave employment with 5 or more years of service and wish to begin receipt of your employer RPA funds before the age of 55. For more information, contact a representative from your NSHE Fund Sponsor.
Need one-on-one retirement planning assistance?TIAA offers monthly office hours via Zoom as a way to check in with your financial consultant and ask questions. Office hours occur the third Friday of every month at 10 a.m.
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