PERS officials warn of accelerating retirements
CARSON CITY — Nevada could face a costly spike in retirees as public employees are being asked to pay more into their retirement funds and take a 5 percent pay cut, officials told a legislative panel Thursday. A change in rules in 2007 regarding retiree benefit plans prompted an unexpected surge in retirees that cost the Nevada Public Employees Retirement System $266 million. With further digs into their salaries, employees approaching retirem...
Nevada governor cuts pay, mansion funds in budget
CARSON CITY — Budget cuts are hitting close to home for Nevada Gov. Brian Sandoval. In the case of the Governor's Mansion, they're hitting the home itself. Sandoval is turning down a raise that would have upped his salary from $141,000 to $149,573 per year. He also has said he will take a 5 percent pay cut to coincide with the reduction he's asking of state employees, and donate the $7,050 in savings to the Kenny Guinn Millennium Scholarship P...
Ethics chief: cuts could erode public confidence
CARSON CITY — The executive director of the Nevada Commission on Ethics says proposed budget cuts by Gov. Brian Sandoval could hurt public confidence in elected officials. Caren Jenkins told the Senate Finance Committee on Tuesday that her office, with a staff of five, has seen a 45 percent increase in workload. The governor’s recommendation would cut state general fund spending for the agency by 26 percent. But reimbursements from counties wo...