Newly Hired

And so it begins...

http://nationaljournal.com/domesticpolicy/floodgates-open-on-new-health-...

http://cnsnews.com/news/article/6125-proposed-regulations-and-notificati...

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CARSON CITY – 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.

CARSON CITY – Nevada has the 18th lowest taxpayer burden to cover unfunded public employee pension and health care costs among the states, but policy makers are still failing to adequately address the shortfall, a national organization reported in a new comprehensive analysis.

CARSON CITY – While some critics may never be convinced that Gov. Brian Sandoval should have agreed to support new tax revenue to balance the budget, the collection of reforms approved as part of the deal finalized this morning cannot be ignored.
From changes to Nevada’s collective bargain law allowing the reopening of labor agreements in emergencies to limiting teacher tenure to eliminating health insurance for newly hired state employees upon retirement – the changes approved in the 120-day legislative session by Democrats and Republicans could have far reaching impacts.

By Sean Whaley / Nevada News Bureau
CARSON CITY – Gov. Brian Sandoval is seeking significant changes to Nevada’s public employee pension plan in the 2011 legislative session to reduce the ongoing and long-term financial cost of the benefit to the state and taxpayers.
But if he wants fundamental change, he might look to the state university system’s retirement plan for faculty.

By Sean Whaley / Nevada News Bureau
CARSON CITY – Nevada fares well among the states in a new report that includes unfunded public pension liabilities as part of overall state debt.

By Sean Whaley / Nevada News Bureau
CARSON CITY – Long-time Nevada tax expert Carole Vilardo said says she does not see how the state can move Nevada’s public employee retirement system to a defined contribution plan in the upcoming legislative session.

CARSON CITY – Members of Nevada’s Homeland Security Commission expressed frustration today that more than eight years after the Sept. 11, 2001 terrorist attacks, local law enforcement and other emergency responders still can’t communicate with each other when responding to an emergency.