1. The governing body of a political subdivision may appoint a committee to which it may delegate the responsibility for administering the program for its employees, including:
(a) Collection of deferred compensation;
(b) Transmittal of money collected to depositories within the State; and
(c) Payment of deferred compensation to participating employees.
2. The committee may contract with a private person, corporation, institution or other entity, directly or through an agency of the political subdivision, for services necessary to the administration of the plan, including without limitation:
(a) Consolidated billing;
(b) Recordkeeping for each participating employee and the program;
(c) Purchase, control and safeguarding of assets;
(d) Communication with its employees; and
(e) Administration and coordination of the program.
(Added to NRS by 1979, 799)