Updated October 30, 2026. Quick answer: For regular members of the Public Employees’ Retirement System of Nevada whose membership began on or after July 1, 2015, Nevada law allows retirement at age 65 with at least 5 years of service, at age 62 with at least 10 years, at age 55 with at least 30 years, or at any age with at least 33 1/3 years. Members who joined earlier have different ages. Members enrolled on or after July 1, 1989 earn the right to a benefit after five years of service.
Members on or after July 1, 2015
NRS 286.510 reads: “Who has an effective date of membership on or after July 1, 2015, is eligible to retire at age 65 if the member has at least 5 years of service, at age 62 if the member has at least 10 years of service,” “at age 55 if the member has at least 30 years of service and at any age if the member has at least 33 1/3 years of service.”
Members from January 1, 2010 to before July 1, 2015
“on or after January 1, 2010, and before July 1, 2015, is eligible to retire at age 65 if the member has at least 5 years of service, at age 62 if the member has at least 10 years of service”. “and at any age if the member has at least 30 years of service.”
Members before January 1, 2010
“before January 1, 2010, is eligible to retire at age 65 if the member has at least 5 years of service,” “at age 60 if the member has at least 10 years of service and at any age if the member has at least 30 years of service.”
Retiring before the required age
“Any member who has the years of creditable service necessary to retire but has not attained the required age, if any, may retire at any age with a benefit actuarially reduced to the required retirement age.” The Summary Plan Description gives the rates: “The early retirement reduction for members enrolled prior to January 1, 2010 is 4% for each full year or .33% for each month. The reduction for members enrolled on or after January 1, 2010 is 6% for each full year or .50% for each month.”
Vesting
“Members enrolled in PERS on or after July 1, 1989 earn the right to receive a retirement allowance after five years of service.”
What the pension is based on
For members on or after July 1, 2015: “on or after July 1, 2015, a monthly service retirement allowance must be determined by multiplying the member’s average compensation by 2.25 percent for each year of service earned.” From January 1, 2010 to before July 1, 2015 the statute uses “2.5 percent for each year of service earned”. Average pay is “the average of a member’s 36 consecutive months of highest compensation as certified by the public employer.” For members enrolled on or after January 1, 2010, the Summary Plan Description says average compensation is subject to a 10% yearly salary cap.
A worked example with invented numbers
Take an invented member enrolled after July 1, 2015 with 25 years of service who retires at the required age. That is 25 years at 2.25%, or 56.25% (computed) of a final average salary of $60,000 (invented, for the computation), which comes to $33,750 a year (computed).
What the documents do not say
The Summary Plan Description gives the eligibility ages only in a table, so the ages are quoted from the statute and the Summary Plan Description supplies the early retirement rates, vesting and example. The system’s own web pages returned an access error to automated tools, so the Summary Plan Description PDF is the official page cited. Police officers and firefighters, option-based actuarial reductions and purchased service limits for newer members are not covered. For members whose membership began before January 1, 2010, NRS 286.551 sets the multiplier at 2.5 percent for service before July 1, 2001 and 2.67 percent for service on or after that date; this page works no example for that group, and the Summary Plan Description says average compensation for members enrolled on or after January 1, 2010 is subject to a 10 percent yearly salary cap.
Common mistakes
- Using age 60 with 10 years for a newer member. That is the earlier group’s rule, and newer members use age 62.
- Assuming one early retirement cut for everyone. The Summary Plan Description sets 4% a year for members enrolled before January 1, 2010 and 6% a year after.
- Applying these regular member rules to police officers and firefighters, who have different ages.
Related: Nevada PERS retirement decisions, the Nevada PERS COLA for 2027, how public pension decisions work, and whether Nevada taxes pensions.
Find the right next step for your situation
About how much do you have invested? Pick the range that fits; your next step appears immediately below.
Talk to an advisor about retirement income
For U.S. investors with $250,000 or more in investable assets. WiserAdvisor is an independent service matching you with 2 to 3 vetted advisers. Its form asks for your ZIP code and answers to a few questions; a match is not guaranteed.
Free to request, with no obligation to hire. By submitting, you consent to calls, texts and emails from WiserAdvisor and up to three advisers. Advisers pay for introductions.
Clear Money Guide may earn a referral payment for a qualifying completed form. An introduction is not a Clear Money Guide recommendation.
Opens on WiserAdvisor’s site in a new tab.
Explore advisor help with retirement income
Considering financial advice? Request an adviser introduction with no obligation to hire.
The form is run by Kapitalwise, our advisor-matching partner. Requesting an introduction is free. Submitting the form shares your contact details with advisers, so expect calls and texts. Advisers pay for introductions. Clear Money Guide may earn a referral payment for a qualifying submitted form, whether or not you hire anyone. A match is not guaranteed.
The Kapitalwise form opens here; you stay on this page.
What happens when you press the button
It asks about nine questions: age, investable assets, location; then your name, email and phone number, and verifies the phone by text. Nothing loads and nothing reaches Kapitalwise until you press the button.
Prefer flat-fee or hourly pricing instead? Compare ranges here.
Answer againSources
- Nevada Legislature, Nevada Revised Statutes Chapter 286, Public Employees’ Retirement (NRS 286.510 and 286.551): www.leg.state.nv.us
- Public Employees’ Retirement System of Nevada, Summary Plan Description for Regular Members, October 2025: www.nvpers.org
- Related official page (not quoted): IRS Tax Topic 410, Pensions and annuities: www.irs.gov
- Related official page (not quoted): IRS Tax Topic 411, Pensions: the General Rule and the Simplified Method: www.irs.gov
Read from the primary documents linked above on October 30, 2026. General information, not tax advice. Your own facts decide the outcome, and a preparer or the IRS itself is the right place to confirm anything consequential.