Up to six months before your intended retirement date, you will need to complete and return an Application for retirement benefits. Use this calculator to help you create your retirement plan.If you wish to continue coverage as a retiree, you must re-enroll in PEBP coverage within 60 days of retirement. The sooner you start a retirement plan, the better. Average compensation (average comp.) – Average of the highest 36 consecutive months of salary. The Nevada deferred compensation program offers public employees a way to save for retirement while benefiting from taxdeferred growth. If your employer offers a retirement savings plan, such as a 401(k) plan, sign up and contribute all you can. The program is designed to supplement your other retirement savings and pensions. Since Nevada does not have a state income tax, any income from a pension, 401(k), IRA or any other retirement account is not taxable. Unsolicited contact from financial advisors may appear legitimate even if they are not approved retirement plan providers.