Nev. pension system abuses cost taxpayers $23M a year
By Arthur Kane, Las Vegas Review-Journal
Nevada governments are using the underfunded state pension system to boost the income of public employees.
The practice, which is legal but often based on decades-old or misused exemptions to the law, costs taxpayers at least $23 million a year in pension and salary, a Las Vegas Review-Journal investigation found.
Two dozen elected officials collect salaries and pensions at the same time, including eight politicians who use the arrangement to make more than $250,000 a year.
There is little accountability or transparency in the system.
