Get email alerts on the Self Enrollment topic
No spam. Unsubscribe anytime.
Nevada board adopts self‑enrollment option for NEST, cites statute
Summary
The board voted unanimously Feb. 26 to offer a self‑enrollment option for individuals to join the NEST program; staff cited a statutory provision and examples from other early adopter states.
The Nevada Employee Savings Trust board unanimously approved a self‑enrollment option for the NEST program on Feb. 26.
Michael Pelham said staff surveyed early adopter states and found that Oregon currently has roughly 1,100 savers enrolled through self‑enrollment. Pelham cited "statue 353d.310," saying the board should determine a method to allow employers and employees to participate if federal law permits; based on that reading, he recommended offering self‑enrollment.
Member Joe Caldera moved to proceed with the self‑enrollment option; Members Sewald and Kao voted aye and Treasurer Zach Conine confirmed the motion passed unanimously. Treasurer Conine said the self‑enrollment mechanism is "the load bearing piece" of ensuring Nevadans can participate if allowed.
Staff will finalize rules and materials describing how individuals can self‑enroll and will present implementation details and any required federal compliance checks to the board before launch.
AI generated
The text on this page is AI generated. Summaries, highlights, analysis, and video transcripts are all produced from the original source material.
AI can make mistakes, so if you spot one, and we will fix it for everyone.
Note: the source content is unaltered by us. Any content source we link to, be it a video, an audio recording, or a document, is presented exactly as its publisher released it. That publisher is usually a government body, sometimes an individual official or another organisation.
