Even by lax accounting standards, PERS' unfunded liability stands at $12.9 billion, with a funding level of under 70 percent. Based on its investment return over the past five years, the likelihood that PERS will be fully funded in 2033 is more than 1 in 12 quintillion.
Nevada taxpayers are on the hook for an unfunded liability of over $40 billion.
Taxpayers lose big during 2013 Legislative Session.
Repeated government interventions have prolonged Nevada’s housing slump.