NV SB126

Courts must provide a full explanation (rather than just "an explanation") to divorcing parties regarding any provisions for disposition of pension or retirement benefits in the decree

Replaces the "time rule" with the "frozen benefit rule" for calculating community interest in Public Employees' Retirement System and Judicial Retirement Plan benefits, freezing the value at the salary base and years of service as of the divorce date

Homemakers are exempted from the frozen benefit rule and retain calculation based on the participating party's length of service during the marriage

Orders relating to community property disposition issued pursuant to a divorce decree must be expressly referenced in the authorizing divorce decree before the Public Employees' Retirement Board will process disbursements

Aligns Nevada's treatment of public employee pensions in divorce with the federal approach to military pensions under the Uniformed Services Former Spouses' Protection Act (10 U.S.C. § 1408(a)(4)(B))