The PERS cost creep continues. Earlier this month the board of directors of the Nevada Public Employees’ Retirement System authorized an increase in the amount state and local public employees and their employers — read: taxpayers — must contribute to cover pension costs. That means, starting next July 1, for regular PERS members — teachers and other government workers — … [Read more...]
Retirement System Officials Should Respect Transparency
What do you do with a rogue government agency that spends billions in taxpayer dollars but constantly dissembles, denies, deceives, dodges and dithers to avoid public scrutiny and does so by spending still more taxpayer money? For years the Nevada Public Employees’ Retirement System (PERS) has attempted to conceal from the public any specifics about the amount of public … [Read more...]