Nevada 2021 Regular Session Status: Enacted

AB 479 — Revises provisions governing the executive staff of the Public Employees' Retirement System. (BDR 23-1150)

Last action — Approved by the Governor. Chapter 462.

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Assembly
  4. ✓
    Passed Senate
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced May 10, 2021. Enacted.

Prognosis

Advancing 50% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

77 added · 90 removed

77 line(s) added, 90 removed.

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EXEMPT A.B.
Assembly Bill No.
479 A SSEMBLY B ILLN O.
479–Committee on Ways and Means CHAPTER..........
479–COMMITTEE ON W AYS AND M EANS M AY 10, 2021 ____________ Referred to Committee on Ways and Means SUMMARY—Revises provisions governing the executive staff of the Public Employees’ Retirement System.
(BDR 23-1150) FISCAL NOTE:
Effect on Local Government:
No.
Effect on the State:
Executive Budget.
~ EXPLANATION – Matter in bolded italics is new;
matter between brackets [omitted material] is material to be omitted.
(2) provides the qualifications for the position;
Investment Officer in existing law as Deputy Investment Officer.
and (3) renames the position of bill makes a conforming change as a result of the creation of the position of Chief Investment Officer.
Section 2 of this bill makes a conforming change as a result of the creation of the position of Chief Investment Officer.
EXPLANATION – Matter in bolded italics is new;
matter between brackets [omitted material] is material to be omitted.
The Executive Officer shall select a General Counsel, Operations Officer, Chief Investment - *AB479* – 2 – Officer, Deputy Investment Officer, Chief Financial Officer, Manager of Information Systems, Administrative Services Coordinator and Administrative Analyst whose appointments are effective upon confirmation by the Board.
The Executive Officer shall select a General Counsel, Operations Officer, Chief Investment Officer, Deputy Investment Officer, Chief Financial Officer, Manager of Information Systems, Administrative Services Coordinator and Administrative Analyst whose appointments are effective upon confirmation by the Board.
The Executive Officer, General Counsel, Operations Officer, Chief Investment Officer, Deputy Investment Officer, Chief Financial Officer, Manager of Information Systems, Administrative Services Coordinator and Administrative Analyst are entitled to annual salaries fixed by the Board with the approval of the Interim Retirement and Benefits Committee of the Legislature created pursuant to NRS 218E.420.
The Executive Officer, General Counsel, Operations Officer, Chief Investment Officer, Deputy Investment Officer, Chief Financial Officer, Manager of Information Systems, Administrative Services Coordinator and Administrative Analyst are entitled to annual salaries fixed by the Board with the approval of the Interim Retirement and Benefits Committee of the Legislature created - 81st Session (2021) – 2 – pursuant to NRS 218E.420.
The General Counsel must be an attorney in good standing licensed and admitted to practice law in this State.
The General Counsel must be an attorney in good standing lic5.
5.
- *AB479* – 3 – 2.
2.
The Public Employees’ Retirement Board may, without the approval required by subsection 2 of NRS 286.160, as amended by section 1 of this act, fix the initial annual salary of the Chief Investment Officer in an amount not to exceed the amount set forth for that position in the budget of the Public Employees’ Retirement System that is approved by the Legislature for the 2021- 2023 biennium.
The Public Employees’ Retirement Board may, without the approval required by subsection 2 of NRS 286.160, as amended by section 1 of this act, fix the initial annual salary of the Chief Investment Officer in an amount not to exceed the amount set forth for that position in the budget of the Public Employees’ Retirement System that is approved by the Legislature for the 2021- biennium.
H - *AB479*
~~~~~ 21 - 81st Session (2021)
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Action History

  1. Approved by the Governor. Chapter 462.

  2. Enrolled and delivered to Governor.

  3. In Assembly. To enrollment.

  4. Read third time. Passed. Title approved. (Yeas: 21, Nays: None.) To Assembly.

  5. From committee: Do pass. Placed on Second Reading File. Read second time.

  6. In Senate. Read first time. Referred to Committee on Finance. To committee.

  7. Read third time. Passed. Title approved. (Yeas: 36, Nays: 6.) To Senate.

  8. From committee: Do pass. Placed on Second Reading File. Read second time.

  9. Read first time. Referred to Committee on Ways and Means. To printer. From printer. To committee.

Sponsors

  • Assembly Committee on Ways and Means · Primary

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 66 not signed on

Sponsors (1)

  • Assembly Committee on Ways and Means

Co-sponsors (0)

None.

Not signed on (66)

66 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

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Frequently asked questions

Who sponsors AB 479?
AB 479 is sponsored by Assembly Committee on Ways and Means.
What is the current status of AB 479?
This bill has been enacted into law. Introduced May 10, 2021. Enacted.
Where can I track AB 479?
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