Board confirms statutory eligibility and outlines employer exemption process
Staff recommended following NRS 353D for eligibility and exemptions: minimum age 18 is set by statute; employers that offer qualified retirement plans can certify exemptions online and Vestwell will pre‑populate exemptions using Form 5500 and other data sources.
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Deputy Mohlenkamp told the board that the program will align with NRS 353D and set the minimum age for a covered employee at 18 because the statute requires it. "A covered employee means person who is at least eighteen years of age," she said. The board accepted the statutory baseline as the starting point for operational rules.
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