Nevada Appeal Capitol Bureau

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May 19, 2009
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Public retirement system changes unveiled; parties haggle over details

Public retirement benefits will get more austere under compromise legislation introduced in the Senate Tuesday.

SB427 will slow the rate at which state workers earn their retirement, including police-fire employees, and make younger retirees work longer before they can leave with full retirement benefits. Changes would apply only to public workers hired after Jan. 1, 2010.

But it's not a done deal.

Republicans still want more concessions in those two areas. But Sen. Warren Hardy, R-Las Vegas, agreed there is general agreement on the other provisions in the bill.

For years, public workers earned retirement at a rate of 2.5 …

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The Nevada Appeal Updated May 19, 2009 04:16PM Published May 19, 2009 04:16PM Copyright 2009 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.