Without action, future generations face $10 billion liability

Kelley, Kara
October 2008
Las Vegas Business Press (10712186);10/6/2008, Vol. 25 Issue 40, pP39
The author reflects on the foreseen $10 billion liability prior to the Public Employees' Benefit Program in Las Vegas, Nevada. She argues that the liability was incurred prior to the insurance subsidy for state public employees and their dependents. Pay-as-you-go basis of the program allows retirees to receive subsidy for more years they have worked for the state. The author suggests that reasonable benefits for both public employees and taxpayers should be determined.


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