CARSON CITY, Nev. (AP) - Unions that fought against an overhaul of the Nevada Public Employees Retirement System earlier in the legislative session are getting behind another bill they say is more reasonable.
The Nevada State Education Association teacher's union joined police, firefighters and business groups in supporting SB406 on Monday.
The bill is sponsored by Republican Senate Majority Leader Michael Roberson, who said it will save the retirement system $1 billion every 10 years.
It seeks to slightly reduce benefits to new recipients and prevents public workers from collecting benefits after certain felony convictions, among other provisions.
The teacher's union and others sharply opposed another PERS overhaul bill, AB190. That measure was sponsored by Republican Assemblyman Randy Kirner and sought to create a hybrid pension system with elements similar to a private 401(k) plan.
