(Thomas Mitchell) – Tell me again why we elected all those Republicans. You know, the ones who promised...
(Jim Clark) – Would you personally guarantee a financial obligation of someone you don’t know and never met? I didn’t think so and yet, that’s what every Nevada taxpayer does every day of the year. The culprit? Nevada’s Public Employee Retirement System (“PERS”). Why the contingent obligation? Follow me carefully on this. PERS’...
System planning to continue raising its costs to taxpayers well into the future (Robert Fellner of NPRI)...
(Fred Weinberg/The Penny Press) – The state’s largest newspaper, the Las Vegas Review Journal, carried an interesting...
(Thomas Mitchell/4thst8.wordpress.com) I can’t wait to read who the top 100 PERS recipients are on Transparent Nevada....
(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...
A couple weeks after Halloween, economist Andrew Biggs brought a fright to Nevada’s taxpayers at NPRI’s November luncheon. They may be on the hook for tens of billions more in unfunded liabilities than they’ve been told. Biggs discussed the funding problems of Nevada’s Public Employee Retirement System (PERS) plan, the defined-benefit pension...
(Anne Knowles/Nevada News Bureau) – School just started and every Republican state lawmaker has already received a failing grade from Nevada’s teachers’ union. The Nevada State Education Association (NSEA) has released its 2011 legislative session report card and the 16 Assembly and 11 Senate Republicans all earned an F, according to the...
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