Monday, February 22, 2010

An idea about how to save money for Nevada.

A Review journal article about saving Nevada as much ad $470 million stated that Michael McGhee proposed that the state consider suspending the match the state provides for retirement benefits.

The article stated that the state now pays 10.5% of employee salaries into their retirement accounts. “It’s a fairly generous benefit,” said McGhee.

While the idea could work in higher education, where employees are covered by a separate plan, it may not work for state and county employees covered by the Public Employees Retirement System.

However, it seems to be an idea worth considering.

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