Skip to content
December 20, 2010 / jimnv

PERS Responds to Las Vegas TV Station

PERS misinformation never ends. First and always, it is the LV Review Journal with its lies and distortions and now a Las Vegas TV station implying a PERS bankruptcy and an impending bailout. Now, PERS has responded with a well written statement to News 3’s December 16th broadcast. Click here for the statement.

Summary:

There is no funding crisis at PERS and it is not in trouble and there will be no bailout.

The System is sustainable in the short-term and in the long-term and had $23 billion in assets. PERS finances are reviewed and audited annually.

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: