Henderson Chapter membership stands at 564 members. Total state membership is about 8,367. The latest financial report shows we are following our budget but had a surprise expense when we hosted the Southern Nevada Delegates and Officers meeting in January. Finding an appropriate meeting space with access to food was a challenge and the cost exceeded our expectations.
The Chapter is still on track to sponsor several members to attend the annual state RPEN meeting in Sparks. We will be looking for
active members who participate and attend meetings for this reward. Scheduled for September 18-21, the membership and
Board of Directors meeting is a great experience. The budget procedure for fiscal year 2018-2019 will begin in May. If you wish to help shape our outreach/recruitment activities, which is where most of our funds are spent, please speak to the President or Membership Chair Sandie Mix.
The January PERS Board meeting focused on finances and assets. PERS relies on an 18-year-old team of professional high-quality
market managers for its portfolio. 2017 was a good year for investment return; PERS one-year return was 15.9%. The portfolio
includes US Stocks, International Stocks, US Bonds and Private Market investments. As of December 31, 2017, the total value of
PERS Public Trust Fund was $41,154,000,000. Return since inception stands at 9.4%. The PERS Board did lower its target investment goal to 7.5% on the recommendation of its advisors. Long term return with the least volatility is still the number one objective. PEBP struggles to find a stable health care provider for rural Nevada. Director Haycock is doing his best and also looking at the quality of
care. PEBP’s recent survey highlighted the need for more information and education regarding covered benefits and HRA.
It looks like active employees and retirees covered by PEBP may receive an HRA if certain requirements are met in the area of good health practices.