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October 20, 2016 / jimnv

PERS is Doing Well, As Usual

The annualized return for PERS investments in the past 32 years has been 9.4 percent which is more than the 8 percent return needed to make the fund fully funded. The plan was 73.5 percent fully funded in 2015 compared to 71.5 percent in 2014.

For FY 2015,the investment return was 4.2 percent and for FY 2014, it was 15.6 percent.

PERS is at the top for well run retirement funds, so don’t let anyone tell you different.

If you have any questions about PERS,please call them. They are very helpful.

Carson City:

693 W. Nye Lane
Carson City, NV 89703
Phone:1-775-687-4200
Toll Free: 1-866-473-7768
Fax: 1-775-687-5131

Las Vegas:

5820 S. Eastern Ave, Suite 220
Las Vegas, NV 89119
Toll Free: 1-866-473-7768
Fax: 1-702-678-6934

PERS: https://www.nvpers.org/

 

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2 Comments

Leave a Comment
  1. Jim / Oct 22 2016 3:34 pm

    How come we are paying highest rates ever without seeing any increase in benefits?
    http://www.npri.org/issues/publication/pers-costs-tied-for-highest-nationwide-ignite-member-complaints

    • jimnv / Oct 22 2016 4:33 pm

      The rates are set to insure the plan is solvent.

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