LP profile · Pension fund
Nevada Public Employees Retirement System
Nevada Public Employees Retirement System is a pension fund headquartered in United States (North America). Ranked #89 in the 2026 Dealroom Power Law LP Ranking by realised power-law score across its venture commitments.
Historical Background
- The Nevada Public Employees' Retirement System (NVPERS) was established in 1947 by the Nevada Legislature through the Public Employees' Retirement Act.
- The system was created as an independent public agency to provide a stable retirement income for public employees.
Source of Capital
- The system is funded through contributions from both public employees, via paycheck withholdings, and their employers.
- These contributions are invested to finance retirement, disability, and survivor benefits for members.
Major Events
- In November 2023, the retirement system's board approved an increase in contribution rates for all members, which became effective in July 2024.
- The system was involved in a Nevada Supreme Court case concerning the public disclosure of its employees' and retirees' names and benefit information.
Allocation Strategy
- The investment strategy is centered on a diversified portfolio with a significant allocation to publicly traded equities.
- As of the end of 2020, the asset allocation was approximately 44.8% in U.S. stocks, 20.1% in international stocks, 23.8% in bonds, 6.3% in private equity, and 4.5% in private real estate.
- The primary investment objective is to achieve a long-term return of 7.5%, which is 4.75% above the rate of inflation as measured by the Consumer Price Index (CPI).
Sources
- https://www.nvpers.org/aboutus/history
- https://www.leg.state.nv.us/NRS/NRS-286.html
- https://learn.nevadapolicy.org/courses/solutions-sourcebook-for-nevada-policymakers/lessons/pers-local-government-employees/
- https://nevadacurrent.com/2025/02/05/pers-contribution-rate-hike-will-hinder-recruitment-and-retention-warns-state-police-union/
- https://nevadabusiness.com/2023/10/nevada-pers-best-worst/
- https://www.nsea-nv.org/sites/nsea/files/2022-03/Nevada+PERS+Update+Jan+2022.pdf
- https://www.bogleheads.org/forum/viewtopic.php?t=352319