Nevada Pension System Shows Strong Investment Earnings - KTVN Channel 2 - Reno Tahoe News Weather, Video -

Nevada Pension System Shows Strong Investment Earnings

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The state pension system that covers Nevada government workers continues to show strong investment earnings.

The Public Employee Retirement System of Nevada reports an 11.3% return on its investments for the first six months of the current fiscal year.

For the previous fiscal year that ended June 30, the system saw a 12.4% return on investments amounting to $2.9 billion.

The Las Vegas Sun reports (http://bit.ly/1cK9Vwo ) a study by the accounting firm Aon Hewitt shows benefits to Nevada retirees are equal to many other large public employee systems but "are not overly generous."

Nevada's public employee pension plan covers about 100,000 active state and local government workers and pays benefits to about 46,000 retirees.

Information from: Las Vegas Sun, http://www.lasvegassun.com

(Copyright 2014 The Associated Press. All rights reserved.)

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