retirement

Assemblyman Randy Kirner, R-Reno, told the Assembly Government Affairs Committee that Nevada’s Public Employee Retirement System has upward of $12 billion in unfunded liability and has been on a downward spiral for ye...

An Assembly bill seeking to change the public employees retirement system in Nevada for future hires by switching to a mostly defined-contribution plan generated a lengthy debate Tuesday with government employee groups opposed and some business groups supportive....

CARSON CITY — A bill to change the makeup of Nevada’s public employee retirement board has died in an Assembly committee after meeting stiff opposition in a hearing last week from Democrats and union representatives. ...

The Assembly Government Affairs Committee today rejected a bill to change the governing board of the state Public Employees’ Retirement System. The bill was strongly opposed by ......

Legislation to add members of the general public to the PERS oversight board rejected by lawmakers....

Assemblyman Randy Kirner, R-Reno, on Monday introduced legislation that would dramatically alter the Public Employees Retirement System’s benefits for employees hired after July 1, 2016.He said the plan wou...

Assemblyman Randy Kirner, R-Reno, on Monday introduced legislation that would dramatically alter the Public Employees Retirement System’s benefits for employees hired after July 1, 2016.He said the plan wou...

A bill seeking to change the public employees retirement system for future hires by switching to a mostly defined-contribution plan was introduced Monday in the Assembly....

A bill seeking to change the makeup of the public employees retirement system board to include three public members with areas of expertise in pension plans ran into resistance Monday from some lawmakers and participants in the plan....

The Public Employees Retirement System presented on Thursday its budget before the Senate Finance Committee.However, not a single question was raised about the 2.25 percent premium increase approved by the PERS Board....

The Public Employees Retirement System presented its budget before the Senate Finance Committee Thursday.However, not a single question was raised about the 2.25 percent premium increase approved by the PERS Board.The increase ...

It is not enough to pay income tax and when you die there may be a death tax. If you have household employees (not independent contractors) you as the employer must withhold and pay FICA taxes on their wages if the cash wages paid during 2014 or 2015 total $1,900 or more.

The employment taxes for household employees is reported on Schedule H of form 1040 of the employer (the one who pays the wages).

The federal death tax exemption (amount each person can leave behind at death) is increased to $5,430,000 in 2015. Many folks think that is all there is to be concerned about. However if you live in some of the other states you may have a state death (estate) tax.

Here is the full text of Nevada Gov. Brian Sandoval's speech delivered to the Nevada Legislature Thursday, Jan. 15, 2015.

Mr. President, Mr. Speaker, Distinguished Members of the Legislature, Honorable Justices of the Supreme Court, Constitutional Officers:

Carson City Fire Chief Stacey Giomi was honored this morning by the Carson City Board of Supervisors for 31 years of service. Giomi announced his retirement in December and this week it was announced that Battalion Chief Robert S. Schreihans will replace Giomi.

“You’ve been a part of this community so many years keeping us safe. I particularly remember when we had the Waterfall Fire. It could have been tremendously damaging, and it was, but it could have been worse," said Carson City Mayor Bob Crowell.

Mr. and Mrs. A.J. Scroggins discovered that the form 1099-R they received for year 2010 was correct. Mr. Scroggins got a loan of $29,700 from his employer’s 401(k) plan in 2007.
He made monthly payments to repay the loan until October 2010. He lost his job because of an undescribed disability and stopped making the monthly payments.

COUNTRY Financial Representative Sean Marler of Carson City has earned the CERTIFIED FINANCIAL PLANNER™ designation from the Certified Financial Planner Board of Standards, Inc.

The CFP® program provides professionals with the knowledge and skills needed to assess a client’s current financial status, identify problem areas and recommend solutions.

Billy Don Wainscott is the racetrack outrider at the nearest racetrack to Carson City — Cal Expo in Sacramento. It's a very tough and sometimes dangerous job. Billy Don has to work under many types of weather conditions...His job is vital to the safety of harness drivers their racehorses, and everyone trackside. A panicky horse pulling a empty sulky at 35 mph is very, very dangerous.

Allstate Insurance Company is recognizing David Smith of Carson City with its Agency Affiliation award for reaching an important milestone as an exclusive Allstate Insurance agency owner. Smith is celebrating 20 years of helping area residents protect their property and prepare for the future through his office located at 194 W. Winnie Lane.

Firefighter turned administrator Bob Roper has been named Nevada's new Division of Forestry leader, the director of the state's Department of Conservation and Natural Resources announced Tuesday. He starts the job Feb. 2, 2015.

Roper, now the chairman of the International Association of Fire Chief’s Wildland Fire Policy Committee, was Fire Chief for Ventura County, Calif., for 15 years prior to his retirement in 2012. He worked his way up through the county organization beginning in 1980 as a firefighter.

Carson High School seniors recently volunteered for the 2014 General elections in Carson City. Emely Lopez, Claudia Vazquez, Kimberly Torres, Karina Munoz, Maria Pacheco, Deanna Earwicker, and Amber Seifert spent the day at the polls welcoming and assisting voters. Each year, CHS government teachers work in conjunction with the Carson City Clerk-Recorder’s office to provide student volunteers for the elections. We’d like to wish out-going Clerk-Recorder Alan Glover the best of luck in his retirement and we look forward to continuing our relationship with that office as Ms.

The Silver and Snowflakes Festival of Lights will officially kick off Friday evening, Dec. 5 beginning at 5:30 p.m. at the steps of the State Capitol in Carson City.

Now in its 25th year, the annual event is sponsored by the Carson City Redevelopment Authority as part of their efforts to showcase the downtown core and to bring families together to enjoy the advent of the holiday season.

Carson City District Attorney-Elect Jason Woodbury today announced he will appoint Adriana Fralick to serve as Chief Deputy District Attorney in the Civil Division of the District Attorney’s office.

“I am very pleased to have someone of Adriana’s caliber step in to lead the civil division,” said Woodbury in a news release. “Her experience and background — especially with ethics and the Open Meeting Law — make Adriana a perfect match for the position.”

One of the best investments is the money you save in a retirement account. Whether it is the salary deferral savings at work or the IRA contribution or some other retirement account contribution does not matter. Whatever you save will be a benefit to you or your heirs in the future.

In a recent “letter” published in CarsonNow.org Pamela Abercrombie decried the negative reaction of Silver City and Gold Hill residents to the Comstock Foundation’s fund-raising gambit offering prints of the “Nine Cheers for the Silver State” painting to subscribers. In characterizing critics of the painting as “this handful of local residents,” she echoes a favorite tactic of Corrado de Gasperis, Comstock Mining’s CEO who frequently diminishes the legitimate concerns of residents by portraying CMI critics as “a few disgruntled residents” or the like.

I recently received an overly large mailer from PK O'Neill, a candidate for Assembly District 40. What he says is disturbing. He pontificates without solutions. He seems more concerned with cliches than real issues.

PK is not alone when making political claims. For another example, see Maizie Harris Jesse's letter “Candidates need to research lt.gov.job duties” in 17 October Nevada Appeal.

PK on the Public Employees' Retirement System (PERS)

I recently went to a special seminar on Social Security. The speaker was a retired manager with 35 years of experience working at the Social Security Administration. He went through the details of how the various benefits are computed, etc. but his observations were interesting.
Some of the information will not be new to you, but it is still interesting:

If your individual income tax return ends up with a balance to pay of more than $1,000, you may incur a small penalty for Underpayment of Estimated Tax. Form 2210 is used to compute the penalty and it is a fun form with many special rules.

The penalty is not really only about estimated tax. If you have tax withheld from wages, retirement, social security benefits, etc. and you owe more than $1,000 with your return, you may incur the penalty.

Giving your church or favorite charity is a wonderful thing to do. Getting income tax savings helps, but that is not really why you give them your time and treasure.

The stock market has been very good, most stocks moving up in price. If you have some stocks or mutual funds that have increased in value since you purchased them, maybe you could consider using some of them to make charitable gifts?

The Carson City Chamber was incorporated in 1945 and has just recently installed the 65th Chairman of the Board. Terrie McNutt, General Manager of the Silver Oak Executive Conference Center and Silver Oak Golf, was installed as chairman at the Chamber Annual Meeting, June 27.

She succeeds Gil Yanuck who now serves as the Immediate Past Chairman. McNutt is the eighth woman to serve as chairman since 1945. The first chairman, then called President, was Ella Broderick elected in 1948.