AB 399

Bill Subjects

State Treasurer Legislature Trusts Legislative Commission Business And Industry, Department Of Individual Retirement Accounts Confidential And Privileged Information State Agencies And Departments State Controller Employment, Training And Rehabilitation, Department Of Contracts And Agreements Legislative Counsel Bureau Employee Savings Trust Program, Nevada Taxation, Department Of State Boards, Commissions And Similar Bodies State Finances And Funds Actions, Civil Audits Lieutenant Governor Governor Secretary Of State Fiduciaries

Abstract

AN ACT relating to employment; creating the Board of Trustees of the Nevada Employee Savings Trust; prescribing the membership, powers, duties and limitations of the Board; authorizing the Board to create the Nevada Employee Savings Trust Program; prescribing certain required attributes of the Program; creating the Nevada Employee Savings Administrative Fund and specifying the sources and uses of money deposited therein; creating the Nevada Employee Savings Trust and prescribing the manner of its administration; providing for the confidentiality of certain information; providing civil immunity to certain persons and entities in connection with the Program; making certain persons fiduciaries with respect to participants in the Program; prohibiting certain persons from engaging in certain financial transactions in connection with the Program; requiring the preparation and submission of certain annual reports; and providing other matters properly relating thereto.