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New Nevada State Senate Minority Leader Urges Funding Changes to Public Pension System
Las Vegas Review-Journal 
Nov. 18, 2010
Excerpt: Largely because of a stock market crash in 2007 and other declines over the past decade, PERS' investment earnings have fallen short of expectations. The agency faces an unfunded liability estimated at $10 billion as of June 30. To cover all current and future pensions, PERS eventually needs to increase its investment income or have employees and state and local governments contribute additional revenue.
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