PERS
The Public Employees' Retirement System of Nevada (PERS) is one of the state's most important public policy issues, but has largely remained under the radar.
As one of the largest consumers of tax dollars in the state, the fiscal health of PERS impacts everything from teacher salaries, the quality of public services received by Nevadans and much more.
The soaring cost of paying down the system’s multi-billion dollar deficit is frequently behind the push for higher taxes, even if officials are unwilling to advertise that fact.
Misinformation about Nevada PERS is commonplace among both legislators and the media, making the need for accurate information that much more important.
Read on to learn more!
Featured Articles
Nevada teachers the victims of lawmaker inaction on PERS
In a just-released analysis of teacher pension plans nationwide, the Public Employees’ Retirement System of Nevada (PERS) failed to receive a single passing mark in the categories of cost, fairness,…
News organizations need to stop misleading the public about PERS
A pernicious myth is being spread by some of Nevada’s news organizations about the financial health of PERS — erroneously suggesting the public should be unconcerned about a multi-billion dollar…
PERS debt triples to $40B if consultant's buried report is correct
While most financial experts are warning of future teacher shortages, decaying roads, higher taxes and cuts to public safety, members of the Public Employees’ Retirement System of Nevada (PERS) board…
Recent News
CalPERS cuts discount rate to 7 percent
The nation’s largest public pension plan, CalPERS, just adopted a plan to reduce their 7.5 percent assumed rate of return to 7 percent over the next three years. One…
NVPERS leadership discounts member complaints
Is a very simple error — looking only at one side of the balance sheet — the source of a huge and growing rift between Nevada’s largest teachers union and…
Pension Reform Must Come Before Tax Hike
Before lobbying the legislature to raise Nevadans’ taxes yet again — its property taxes this time — incoming Clark County chief executive officer Yolanda King should heed the advice…
WSJ: Era of low interest rates hammers pensions
A new Wall Street Journal article, Era of Low Interest Rates Hammers Millions of Pensions Around World, documents how declining bond yields have negatively impacted pension funds globally: Managers handling…