More on pension costs
Sean Whaley, capital reporter for the Nevada News Bureau, has an excellent article today detailing the true unfunded liability faced by the Nevada Public Employees' Retirement System. If the system is evaluated using a market-based accounting system, the true size of the unfunded liability is $33.5 billion - not the $9.1 billion that is officially reported.
Whaley's article comes days after this point was highlighted by a recent NPRI commentary.
