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!
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,…
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…
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…
Nevada needs a defined-contribution pension system.
Will you be on the hook for someone else's retirement?
Constitutional provisions prohibit the Nevada Legislature from dictating how money in the Public Employees' Retirement System is invested. However, in the final days of the recent legislative session, state lawmakers passed a law attempting to do exactly that.
In light of recent turbulence within the economy, many Nevadans now have serious concerns about their future. Unless they are paid with tax dollars, that is. The Nevada Public Employees' Retirement System is a wondrous institution-one wonders why policymakers have allowed it to continue so long as currently structured. No retirement system of its kind could ever exist in the private sector, able, as it is, to shift all of its investment risk onto other people.