Tags: Nevada Governor Changes to Public Retirement

Nev. Gov. Offers Changes to Public Retirement

Tuesday, 01 Mar 2011 10:53 AM


Nevada Gov. Brain Sandoval has proposed changes to the state’s public schools and state workers’ retirement systems, the Las Vegas Review-Journal reports.

sandoval, nevada, public retirementThe Republican governor wants a constitutional amendment that would offer private school vouchers and a system to grade schools based on student performance. He also proposed cutting the amount of money new state workers would get at retirement.

Sandoval campaigned on promises to increases public school accountability and taking on the retirement costs for public employees. He’s now moving to keep those promises.

Democrats in the state Legislature criticized the governor’s proposals, indicating that they would work to block some of the changes.

Among the changes Sandoval proposed for schools are eliminating teacher tenure, making it easier to lay off teachers, creating vouchers to allow parents to send their kids to private schools and grading schools with letter grades.

The retirement changes he proposed include creating a benefits system for new state employees where workers pay less into the pension plan and receive smaller pension payments.

A second part of the plan would have the state and its employees contribute to plans similar to a 401(k) plan for public employees.



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