NRS 286.410(2)(b) says that a reduction in #NVPERS contribution rates occurs only if the reduction is more than 1.0%/1.0% (Employer/Employee) and then only to the extent the reduction would exceed 1.0%/1.0%. For example, an actuarial reduction of 1.5%/1.5% results reduces contributions by 0.5%/0.5%.
The #NVPERS rate of return on investments was 10.9% in FY2025, well above the actuarial assumed rate of return of 7.25%. The 5-year return was 10.4% and the 10-year return was 9.0%.
Chart showing the actuarial value of assets and the unfunded accrued actuarial liability for the Nevada Public Employee Retirement System (#NVPERS) from FY2003 to FY2025, adjusted for inflation.
The real value of assets at #NVPERS has continued to increase, while the unfunded liability remains relatively stable.
If these favorable conditions including market performance persist in FY2026 for #NVPERS, statutory contribution rates could decrease to the extent they drop more than 2.0% (Employer-Pay) or 1.0%/1.0% (Employee/Employer Pay) as of 7/1/2027--but there are many variables before that will be known.
The actuarially required future #NVPERS contribution rates decreased by 1.4% (Employer-Pay plan) for both Regular and Police/Fire funds. However, this is not a rate-setting year and anyway the decrease is below the 2.0% statutory threshold for a reduction in contribution rates.
The #NVPERS total unfunded actuarial liability decreased slightly from $20.13 billion to $19.95 billion, the first year-over-year decrease since FY2015.
The market value of #NVPERS assets increased from $64.5 billion on 6/30/2024 to $70.8 billion on 6/30/2025.
#NVPERS' funded ratio increased from 75.6% to 77.3%, the highest since FY2004 (78.7%) and a recovery from the post-financial-crisis low in FY2013 (69.3%). It’s more improved than these numbers indicate because the assumptions are now more conservative (larger total liability in the denominator).
The Nevada Public Employees' Retirement System #NVPERS recently released the Actuarial Valuation for FY2025 (as of 6/30/2025) from its actuaries. It is the strongest report in years, perhaps decades. #NVLEG
Outrageous and simply unacceptable.
These public charter schools have deducted pension contributions from employee’s paychecks but did not forward those amounts to PERS.
It’s a disgrace. #NvLeg #NvPERS #SB418
As previously reported, retirement contributions are increasing from 17.5%/17.5% employee/employer to 19.25%/19.25% on 7/1/2025, for #NvPERS Regular and #NSHE Retirement Plan Alternative. #GovRec #NvLeg Funding is embedded in base budgets.
Some other states don't actually pay the actuarially required contributions each year, adding to their unfunded liabilities. Nevada pays the full contribution. With the current amortization schedule NV PERS's unfunded actuarial liability will be fully paid off in about 2042. #nvleg #nvpers
By vetoing AB498, Gov. Lombardo accepted the full COLA provisions for state employees in AB522, 12% (minus a 2% increase for the PERS) on 7/1/2023 and 11% on 7/1/2024. Those were historic adjustments, but only partially offset years of state employee compensation lagging inflation. #nvleg #nvpers
AB498 in 2023 would have shifted a portion of state employee retirement contributions to be paid by the state. Compared with the same increase in take-home pay by a cost-of-living salary adjustment, that would have saved the state money. Governor Lombardo vetoed the bill. #nvleg #nvpers
With collective bargaining many Nevada city and county employees under NvPERS have negotiated for the employer to pay a portion of the PERS employee contribution or off-setting cost-of-living increases. State employees have not been allowed to negotiate over retirement contributions. #nvleg #nvpers
The 19.25% (regular) or 30.0% (police/fire) employee contributions make already below-average wages for state employees non-competitive . #nvleg #nvpers
But Nevada PERS has the very highest pension contribution rate for state employees among the 26 comparable pension systems. The mandatory employee contribution is set by statute at 50% of the total actuarial rate. #nvleg #nvpers
Chart of employee contribution rates and employer total actuarial rates for 27 state pension systems for employees who do not participate in Social Security (excluding police/fire systems). Data from Equable from 2022, NV PERS using 2025 rates.
Among 26 state pension systems without Social Security, Nevada PERS's total actuarial contribution rate ranks in the second quintile. That’s high but not out of line given its mature population (lots of retirees) and reasonably good benefits with retiree cost-of-living adjustments. #nvleg #nvpers
Nevada PERS must accept the actuaries' recommendations, per statute and the constitution. They recommended assumption changes in 2021 for PERS to be more conservative in 2021. After a two-biennium phase-in period, the higher contribution rates will be fully in effect as of July 2025. #nvleg #nvpers
For police/fire employees on the Nevada PERS employer/employee pay plan, the contributions from the employee and employer will rise by 4.25%, from 25.75% to 30.00% each on 7/1/2025. #nvleg #nvpers
NV PERS logo, Nevada state shape superimposed on globe. * Public Employees' Retirement System * Dedicated to those who serve Nevada *
Nevada PERS has received the actuarial determination of contribution rates for the 2025-2027 biennium. For regular employees on the employer/employee pay plan, the retirement contributions from the employee and employer will rise by 1.75%, from 17.50% to 19.25% each on 7/1/2025. #nvleg #nvpers
