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November 15, 2012
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Public Employee Retirement System rates to rise

The Public Employee Retirement System board on Wednesday approved contribution increases that will take another 1 percent out of the take-home pay of most government workers in Nevada.The overall statutory rate for retirement contributions will increase with the July 1 start of the upcoming two-year budget cycle from 24.5 percent to 26.5 percent for workers on the employer/ employee program. For those workers in state and local government as well as school districts, half of the 2 percent increase is paid by the employer and half by the employee.The increase will hit police-fire employees statewide as well but, under the …

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The Nevada Appeal Updated Nov 15, 2012 03:21AM Published Nov 15, 2012 03:20AM Copyright 2012 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.