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Treasury will produce study on including independent contractors in NEST

Board of Trustees of the Nevada Employee Savings Trust · August 26, 2024
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Summary

Staff told the Board they are preparing a feasibility study, with Pew and DETR assistance, on whether independent contractors can be included in the Nevada Employee Savings Trust; a draft is expected in November and a final report in December for transmittal to the Legislature.

Chief of Staff Kirsten Van Ry told trustees the office is working on a study about including independent contractors in the Nevada Employee Savings Trust, pursuant to section 36 of Senate Bill 305. Van Ry said Treasury is pulling Nevada-specific data with help from the DETR economist and that Pew has agreed to assist.

Staff expects to present a draft of the study at the November Board meeting, incorporate trustee feedback and bring a final draft to the December meeting so it can be transmitted to the Legislature by the statutory deadline. No formal action was required for the agenda item; trustees received the update as informational.