NEVADA Legislature is proposing sever cuts and changes to PERS please attend one of the hearing sites!
Nevada PERS is ranked “Best in Class” yet lawmakers want to dismantle it!
The “Hybrid Plan” bill, AB190, will be heard for the first time in Assembly Government Affairs – WE NEED YOU THERE
When: Tuesday March 3, 2015 at 8:00 a.m.
Where: Rm 4100 of the Legislative Building at 401S. Carson City
videoconference to Room 4401 of the Grant Sawyer State Office Building, 555 E. Washington Ave Las Vegas,
AB190 is a bad bill because;
-The hybrid plan being proposed does not help the State to save money without reducing benefits, estimated administrative cost alone is 745 million dollars;
-This bill will increase retirement insecurity for the young and the old alike;
-This bill will take us from a large pool of payers for a defined benefit to several small diversified pools with less power;
-The hybrid plan will represent huge benefit cut, the pension multiplier is reduced by 60%, the age for retirement is increased and a cap on annual benefits;
-This same Hybrid plan has failed in other States; Rhode Island had to cut employee benefits after it switched to a Hybrid plan;
-State has never paid into the Social Security system for State workers, theses lawmakers now want to further our retirement insecurity by helping Wall Street brokers gamble with our retirement.
Please attend one of these hearings! Questions call Priscilla Maloney at 775-544-7338 or Patrick Burke at 202-210-7989.
PROTECT RETIREMENT SECURITY FOR ALL
NEVADA Legislature is proposing sever cuts and changes to PERS please attend one of the hearing sites.pdf