Sean Whaley
Nevada News Bureau

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June 20, 2012
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'Serious concerns' for state workers' pension plan

The financial health of Nevada's public employee pension plan is cause for serious concern because it is only 70 percent funded as of fiscal year 2010 with a $10 billion gap, a national organization reported this week.

The Pew Center on the States said the funding ratio in Nevada is below the 80 percent benchmark that fiscal experts recommend for a sustainable program.

In 2010, Nevada paid 92 percent of the recommended contribution to its pension plans and just 21 percent of what the state should have paid to fund retiree health benefits, the study found.

Nevada's "serious concerns" grade …

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The Nevada Appeal Updated Jun 20, 2012 02:55AM Published Jun 20, 2012 02:54AM Copyright 2012 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.