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Nevada Public Employees Retirement System Board Adopts Higher Contribution Rates
PLANSPONSOR; free registration may be required Nov. 15, 2010
Excerpt: The Board was told the contribution rate for regular employees will have to increase by 2.25 percentage points to 23.75% in the coming two years, and the contribution rate for police and fire fighters will need to increase by 2.75 percentage points to 39.75%, according to the Nevada News Bureau. The 2011 Legislature will be asked to fund the state's increased retirement costs.
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