Nothing pleases a politician more than the ability to promise lavish benefits to important constituencies without having to pay for them. Nevada lawmakers long ago found a vote-buying cash cow of this nature in the state’s Public Employees’ Retirement System (PERS). PERS manages a defined-benefits pension system that operates much differently from the retirement funds owned … [Read more...] about Hiding Behind Opaque Numbers: Nevada PERS Accounting Practices are Concealing Taxpayers’ Real Liabilities