Nevada Legislature: PERS ‘hybrid’ plan supported, criticized

Assemblyman Randy Kirner, R-Reno, told the Assembly Government Affairs Committee that Nevada’s Public Employee Retirement System has upward of $12 billion in unfunded liability and has been on a downward spiral for years.He said Tuesday the answer is AB190 that creates a hybrid plan for new public employees which would split each worker’s retirement benefits between a more modest defined benefit similar to the