Learn more about PERS:
Function
The Public Employees' Retirement System of Nevada (PERS) is a tax-qualified defined benefit plan created by the Legislature as an independent public agency to provide a reasonable base income to qualified employees who have been employed by a public employer and whose earning capacity has been removed or has been substantially reduced by age or disability. It was also created to make government employment attractive to qualified employees and to encourage them to remain in government service for such periods of time as to give employers and the people of the state the full benefit of the training and experience gained by the employees while employed in public service.
Financing
Your base pay, longevity pay, shift differential pay and call-back pay are subject to retirement contribution. Overtime, terminal leave, pay from secondary employment, and any other type of payment not specifically listed as subject to retirement contribution within Chapter 286 of the NRS is not subject to contribution.
Employer Pay Contribution Plan (ERPaid)
If you are a school teacher or an employee of a large, local government employer, it is likely that you are contributing under ERPaid. You might also be contributing under ERPaid if you work for the State of Nevada or another employer whereby you voluntarily chose to participate under ERPaid. Such contributions are not deposited to your individual member account and are not available for refund upon termination of employment. The ERPaid contribution rate for regular members is 33.50%.
Employee/Employer Contribution Plan
Employees of the State of Nevada and many of the smaller employers have the option to contribute under this plan. You and your employer share equally in the contribution to PERS, currently 17.50% each. Your after tax contribution is refundable upon termination of employment, if you do not elect to receive a monthly retirement benefit. If you are unsure of which plan you are contributing under, contact your employer or the Retirement System.
Governance
PERS is governed by retirement law effective from the 78th session of the Nevada Legislature, 2015. Official legal reference may be found in the Nevada Revised Statues.
Services
Annual Statements
Each year, every active, contributing member of the retirement system receives a statement regarding the amount of contributions he or she has made to the pension fund. The statement reflects the total contributions made as of December 31st of the preceding year.
Retirement Consulting and Contact Information
In Carson City:
Weekdays at our office located at 693 W. Nye Lane, from 8:00 a.m. to 5:00 p.m. Pacific time.
If possible, please call 1-775-687-4200 or toll free at 1-866-473-7768 for an appointment.
In Las Vegas:
Weekdays at the office building located at 5740 South Eastern Ave., Suite 120, from 8:00 a.m. to 5:00 p.m. Pacific time.
If possible, please call 1-702-486-3900 for an appointment.
Office for rural Nevada:
Counselors are available during the Spring and Fall. Please watch for our notices and call our Carson City office for an appointment.
For further information, contact your agency's retirement liaison officer or the PERS office.
Retirement Seminars
For a seminar schedule, please contact your local PERS branch office, or you may register online.
Related Sites of Interest
The National Association of State Retirement Administrators (NASRA)
The National Conference on Public Employee Retirement Systems (NCPERS)