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
Nevada Public Employees’ Retirement System (PERS)
The Legislature has a Cronyism Problem
The worry over “cronyism” in politics is a bipartisan concern — and, unfortunately, Nevada has a long history of political favoritism. However, billionaires asking lawmakers for special treatment isn’t the only kind of cronyism that should worry Nevadans. This year, government insiders and tax-funded lobbyists are playing the favoritism game better than anyone. And their … [Read more...] about The Legislature has a Cronyism Problem
Nevada Piggy Book: Required Reading for Taxpayers
The Nevada Policy Research Institute (NPRI) recently released the 2016 edition of the Nevada Piggy Book. This is good because Nevada taxpayers need to know about government waste, which is an especially important topic while the Legislature is in session. However, it’s also depressing to see these examples of how our hard-earned money is being thrown away by politicians and … [Read more...] about Nevada Piggy Book: Required Reading for Taxpayers
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