The Public Employees Benefits Program (PEBP)
February 23 Board Meeting
A former executive at PEBP has been asked to consider filling the Executive Officer position on an interim basis when Jim Wells leaves to take another post March 2. During a meeting held February 23 on finding a replacement for Wells, Kateri Cavin's name was brought up to assume the job for a 90 day interim basis while a national search is launched to bring on a full time replacement. Cavin retired from PEBP about the time Wells was brought in to replace Leslie Johnstone and she served as Interim Executive Officer during that time too.
A second PEBP Board meeting was held February 26 in the board room in the Richard Bryan Building in Carson City with a video conference available in Southern Nevada at the NSHE/Chancellor's Office board room #101, 4300 S. Maryland Parkway in Las Vegas. The Advisory Committee met to consider PEBP's Strategic Plan along with board duties and any possible changes and/or amendments to PEBP's Mission, Vision and Philosophy Statements. These issues will also be discussed by the full board when they gather April 2. The committee were also expected to consider the responsibilities of the Executive Officer along with criteria to use in performing the annual evaluation of the Executive Officer however tabled any action on this topic until a new Executive Officer is hired to replace Wells.
The next PEBP board meeting prior to the April meeting is tenatively set for March 2 when PEBP begins weekly teleconference meetings as needed during the legislative session. Those meetings will be held at the PEBP board meeting room in the Richard Bryan Building on Stewart Street in Carson City, but it is best to check the PEBP web-site before going to one of those weekly meetings to be sure a weekly meeting has definitely been scheduled. At the April 2 meeting, the board is expected to set rates for the next two years and will also consider options to deal with the non-state, non-Medicare retirees in PEBP who 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:
PEBP Executive Officer Jim Wells also made two recent budget presentation at the Legislature. To view his 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.
THE NEVADA ASSEMBLY GOVERNMENT AFFAIRS COMMITTEE WILL HEAR TESTIMONY TUESDAY, MARCH 3, ON ASSEMBLY BILL 190 THAT PROPOSES MAJOR CHANGES TO THE PUBLIC EMPLOYEES' RETIREMENT SYSTEM INCLUDING A HYBRID PENSION PLAN (401k) FOR NEW HIRES! THE HEARING BEGINS AT 8 A.M. IN ROOM 4100 AT THE LEGISLATIVE BUILDING IN CARSON CITY WITH A SATELLITE HEARING IN SOUTHERN NEVADA IN ROOM 4401 AT THE GRANT SAWYER BUILDING AT 555 E. WASHINGTON AVENUE IN LAS VEGAS.
AB 190 has received close to 1,400 votes registered online AGAINST it as of late afternoon March 2, and only 12 votes registered online in favor of it. To read more about AB 190 as well as another bill from Randy Kirner heard last week, AB 3, 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. When the agenda is available it will be posted here.
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 February 25, 2015, there are currently 201 bills in the Assembly and 200 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)
(1,251 as of February 25, 2015) please click on the link below:
RPEN is currently tracking more than 20 bills relating to retiree issues. There were also three late BDR's filed dealing with PERS including BDR 975 from Assemblyman Glenn Trowbridge; BDR 1056 from Assemblywoman Olivia Diaz and BDR 1061 from Assembly Minority Leader Marilyn Kirkpatrick. Senate Majority Leader Michael Roberson also has a BDR, #1049 that revises provisions relating to public employees.
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