Revises provisions relating to domestic relations. (BDR 11-582)

SB 126 revises how courts handle pension and retirement benefits during divorce in Nevada. It requires courts to provide a "full explanation" of pension disposition provisions to divorcing couples (replacing a less specific requirement) and replaces the current "time rule" with a "frozen benefit rule." Under the new rule, the community interest in retirement benefits is calculated based on the benefit value at the divorce date, not current service time. This directly affects individuals dissolving marriages involving public employee or judicial retirement systems, ensuring clearer pension division and documentation in divorce decrees.