The Las Vegas Review-Journal  on Sept. 11 runs a NIRS letter regarding the Public Employees’ Retirement System of Nevada.  The paper “missed the facts” and even the Las Vegas Chamber of Commerce concedes the system is “well-managed and prudently administered.”

The letter continues with information on the finances of Nevada PERS, the economics of pensions, as well as the recent experiences of states that have experimented with changing their pension system.

NIRS concludes in the letter that a drastic retirement-system switch in Nevada is not only unnecessary, but harmful and costly.  “In other words, if it’s not broke, don’t break it.’

Read the full published letter here.