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State of Nevada Considers Switching Part-Timers from Social Security to DC Plan
Nevada Appeal 
Oct. 24, 2003
Excerpt: The state can save nearly $500,000 a year by moving part-time employees out of Social Security and into a private deferred compensation plan structured like a 401K. The proposal before the Board of Examiners next week would move all new hires who are ineligible for the Public Employees Retirement System into the alternative plan beginning next year.... [E]xisting part timers would have the option of staying with Social Security. Only new hires would have to join the alternative plan.
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