Nevada SB126 revises domestic relations law, focusing on pension and retirement benefits during divorce.
Nevada SB126 amends existing law to enhance the explanation of pension and retirement benefits in divorce decrees. It mandates a full explanation of any provisions related to these benefits. The bill introduces the "frozen benefit rule," which fixes the community interest in retirement benefits based on the salary and years of service at the time of divorce. It also allows courts to award additional alimony for job training or education, and modifies the conditions for modifying alimony payments.
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