Nevada PERS Accounting Practices Conceal Taxpayers’ Real Liabilities
(Geoffrey Lawrence/NPRI) – Nothing pleases a politician more than the ability to promise lavish benefits to important constituencies without having to pay for them. Nevada lawmakers long ago found a vote-buying cash cow of this nature in the state’s Public Employees’ Retirement System (PERS). PERS manages a defined-benefits pension system that operates...
N&V Staff December 14, 2011