The Public Employees Benefits Program (PEBP)
March 26 Board Meeting
The PEBP Board voted unanimously to approve new rates for the next two years at their meeting March 26. The new rates are outlined in the PEBP Board packet (42 pages) listed in the link below. One member of the board said there was no other alternative other than what was proposed.
The "foster/orphaned" PEBP participants will be addressed again at the April 2 PEBP board meeting. The agenda for that meeting is not yet available but will also be posted here when it becomes available. This small group of non-State retirees in PEBP has been a topic of discussion for several years now because they have been subjected to ever escalating health care costs because of their dwindling pool of participants. A public hearing will be held on this issue April 2. To view information on this hearing, please click on the link below:
Former PEBP Executive Officer Jim Wells made two budget presentations this year at the Legislature. To view that presentation please click on the link below:
In other news from the PEBP web-site:
Did you know PEBP offers a virtual library of instructional videos designed to assist you with learning about your benefits. Check them out by clicking on the link posted below.
LEGISLATIVE UPDATE MARCH 26, 2015
A hearing still has not been set yet in the Assembly Ways and Means Committee for Assembly Bill 190, proposed by Reno Assemblyman Randy Kirner, designed to make drastic changes at the Nevada Public Employees' Retirement System by instituting a Hybrid 401K pension plan for all new hires in 2016. Concerned active and retired public employees packed hearing rooms for hearings on AB 190 earlier this month (March), and the decision was made on the Assembly Floor to refer the bill to the Assembly Ways and Means Committee due to the large fiscal note placed on the bill by the PERS staff. As of March 26, a hearing date for AB 190 has not been set. To read a more detailed report on AB 190 please click on the link below.
The "Share Your Opinion" page is still available at the legislative web-site. As of March 26 3,834 comments have been logged AGAINST the bill and only 35 comments are posted in favor of the bill. To make a comment please click on the link below:
There are also several other bills that deal with PERS that RPEN is watching including bills to protect public employees and retirees from identity theft. To view a complete list of the bills RPEN is following please click on the link below.
PERS BUDGET SET FOR HEARINGS
The Seventy eighth regular session of the Nevada State Legislature convened Monday, February 2, 2015 at Noon.
On Thursday, February 5th the Nevada Public Employees' Retirement System (PERS) presented its agency budget to the Senate Finance Committee. The PERS budget is tenatively scheduled to be heard at the legislative building by the Assembly Ways and Means Committee at 8:00 a.m. in Room 3137 on Monday, February 9. PERS Executive Officer Tina Leiss informed the committee during her short presentation that contribution rates for regular participants would be raising 2.25%. She attributed the increase to a negative payroll growth in 3 of the last 5 years as well as a 4% decrease in active employees from 2009 to 2014. Leiss said the average monthly pension is $2,700 per month for the regular worker and $4,788 for police/fire. She also told the committee PERS would be seeking to hire a full time in-house general counsel due to an increase in litigation. The cost over the biennium was estimated at $372,000. There were more than a dozen retirees at the hearing.
The public is always welcome to attend legislative hearings. Parking is available immediately adjacent to the legislative building in the Stewart Street garage (elevator equipped) and just south of the legislature in two surface level parking lots. For those in Southern Nevada, both hearings will be teleconferenced to the Grant Sawyer Building in downtown Las Vegas (check the legislative website for the exact room number) and all hearings can also be viewed online.
The PERS Board will meet again March 18, also in Carson City. To view the PERS agenda please click on the link below.
PRIVATE STUDY OF NEVADA PERS
YIELDS EXCELLENT RESULTS
The study of Nevada PERS came at the request of Governor Sandoval. The report was revealed this month and contained good news.
To read the entire report, including an introduction from PERS Executive Officer Tina Leiss, click on the link below:
NEVADA STATE LEGISLATURE
78TH REGULAR SESSION
UNDERWAY IN CARSON CITY!
To view the latest information on legislative hearings please click on the link provided below. RPEN will have at least three paid lobbyists representing both active and retired public employees at all times during the session. We will post information and legislative updates here when warranted.
As of March 26, 2015, there are currently 495 bills in the Assembly and 514 bills in Senate. To view the latest information on bills from the session please click on the link below:
To view the latest Bill Draft Requests (BDR's)
(1,263as of March 23, 2015) please click on the link below:
RPEN is currently tracking close to 30 bills relating to retiree issues.
RPEN is being represented in Carson City by our Legislative Advocate Marlene Lockard and Executive Director Marty Bibb.
Check back to our web site periodically during the session for Legislative Updates that will be posted here.
Retired Public Employees of Nevada (RPEN)
The next regular meeting of RPEN's Executive Committee, will be July 14 and 15 in Carson City, the host city for the 2015 annual meeting of the RPEN Board of Directors. The annual meeting will be hosted by the Carson Chapter of RPEN beginning Tuesday, September 15, and ending Friday, September 18. The Plaza Hotel in Carson City will be the host property. The Carson Chapter is hosting monthly meetings to prepare for the event.
If you have questions about any information posted on our web-site you can reach the State Office of RPEN in Carson City by calling
* When the Nevada State Legislature is in session, or when special legislative hearings are being held in the off session years you can view those hearings over the Internet by going to the following web-site: www.leg.state.nv.us
Just go to that web-site and click on Listen to Meetings Live on the Internet