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Nevada Public Employees’ Retirement

The Public Employees’ Retirement System of Nevada (PERS) is a tax-qualified defined benefit plan created by the Legislature as an independent public agency to provide a reasonable base income to qualified employees who have been employed by a public employer and whose earning capacity has been removed or has been substantially reduced by age or disability. It was also created to make government employment attractive to qualified employees and to encourage them to remain in government service for such periods of time as to give employers and the people of the state the full benefit of the training and experience gained by the employees while employed in public service. PERS is governed by a retirement law effective from the 78th session of the Nevada Legislature, 2015. Official legal reference may be found in the Nevada Revised Statutes.

Country

United States

AUM ($B)

$59

Performance

27.3

Chief Executive

Tina Leiss

Chief Investment Officer

Stephen Edmundson

Chair

Tim Ross

Asset allocation

44.3% US Stocks

17.6% International Stocks

11.8% Private Markets

25.1% US Bonds

1.2% Cash Equivalents

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