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February 11, 2011
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LEGISLATURE 2011: Increase in state workers retiring likely

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 retirement will again be deciding whether it's worth it to keep their jobs, officials said.

"It's an individual decision," said Dana Bilyeu, PERS executive director. "People will be making their own economic …

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The Nevada Appeal Updated Feb 11, 2011 01:58AM Published Feb 11, 2011 01:58AM Copyright 2011 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.