The federal Department of Labor has adopted a rule allowing retirement plan fiduciaries, such as Nevada’s PERS board, to consider environmental, social and governance issues (ESG) when choosing investments for their members’ retirement funds. Under the 1974 ERISA law, the Department of Labor, or DOL, can set minimum investment standards for retirement and health plans. For … [Read more...] about Should NV PERS Be Allowed to Invest in ESG Securities?
Nevada PERS
Free Market WatchNevada PERS: The Good, The Bad and The Ugly
Pension plans require employers and employees to contribute to investment accounts that pay employees an income when they retire. Defined benefit plans, used by the Nevada Public Employees’ Retirement System (PERS), promise retirement incomes determined by employee’s contributions and assumption about what investment returns will be. To the extent actual returns differ from the … [Read more...] about Free Market Watch
Hiding Behind Opaque Numbers: Nevada PERS Accounting Practices are Concealing Taxpayers’ Real Liabilities
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 much differently from the retirement funds owned … [Read more...] about Hiding Behind Opaque Numbers: Nevada PERS Accounting Practices are Concealing Taxpayers’ Real Liabilities