Kent Ervin
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ervinkentm.bsky.social
Kent Ervin
@ervinkentm.bsky.social
Hiker, snowshoer, rabblerouser in Reno. Retired Chemistry Professor.
The real value of assets at #NVPERS has continued to increase, while the unfunded liability remains relatively stable.
November 27, 2025 at 3:00 AM
90 in the rain for #NoKings in deep-red Parsons, Kansas, including my 100-year-old WWII Army Air Corps veteran father!
October 18, 2025 at 9:33 PM
Seemed appropriate today.
August 16, 2025 at 1:32 AM
Innocent 3-minute gap in the video. Just the Rose Mary Stretch. @dicknixon.bsky.social
July 15, 2025 at 10:47 PM
Nevada PERS investment performance for FY2025 as of 6/30/2025 was 10.6%, well above the actuarial assumed rate of 7.25%, but lagging from the 11.5% market benchmark due to underperformance of private real estate and private equity allocations. 1/
July 12, 2025 at 1:21 AM
Nevada Regent Goodman asks whether #NSHE is sensitive to student athletes who she evidently believes are transphobic. @unevadareno.bsky.social student leader answers in public comment. #NvLeg #SpeakingTruthToPower
June 16, 2025 at 9:27 PM
#NvGov #NvLeg bill watch. Governor Joe "Veto" Lombardo has bested his own record, with 87 vetoes in 2025 versus 75 in 2023. 519 bills have been signed.
June 14, 2025 at 1:35 AM
Without COLAs for the next biennium, funding of salaries for #NSHE faculty will result in 19% less purchasing power of take-home in 2027 compared with 2009, after inflation and higher retirement deductions. #NVLeg
May 26, 2025 at 5:15 AM
#NvLeg May 1 Economic Forum forecast: adjusted for inflation and population growth, Nevada tax structure leads to revenue decline 5/
May 1, 2025 at 11:55 PM
#NvLeg May 1 Economic Forum revenue forecast 1/
May 1, 2025 at 11:40 PM
#NvLeg nostalgia. When the Building had phone booths.
April 23, 2025 at 12:37 AM
#NvLeg: Under Construction. #GovRec: Under deconstruction.
January 22, 2025 at 9:32 PM
Hot start to the Nevada Legislative Commission's Budget Subcommittee: Legislative Counsel Bureau's chart of the GovRec structural deficit, posted for today's presentation from the Governor's office on the executive budget. #nvleg
January 21, 2025 at 4:04 PM
Nv Gov. Lombardo's budget has no cost-of-living adjustments for state employees, including #NSHE faculty. Real take-home pay will decline again after the 1.75% retirement contribution increase and inflation running at 2.5% or higher, offsetting the gains made in the current biennium. #NvLeg 1/
January 17, 2025 at 5:35 PM
On trainings day for new and continuing #NSHE Nevada Regents, a very concise explanation of academic freedom and shared governance, in two minutes or less of public comment. 1/
January 16, 2025 at 5:51 PM
The @NvFA Nevada Faculty Alliance is advocating for a 5% COLA in FY26 and 3% in FY27, just to stay even after retirement contribution increases and inflation. nevadafacultyalliance.org/NewsArchive/...
January 16, 2025 at 3:59 AM
The next-highest institutional student fee balance is $11 million at the College of Southern Nevada, a 67% carryover overall. (UNLV's overall carryover percentage is 57%.)
December 5, 2024 at 11:34 PM
#NSHE Nevada Board of Regents *vigorously* discuss excess balances in student fee accounts, in particular the $80 million balance at @unlv.bsky.social at the end of FY2024.
December 5, 2024 at 11:34 PM
The apparent growth in revenue over the past two decades does not account for inflation and population growth. The real per capita general fund revenue is lower than it was prior to the 2008-2009 financial crisis. #NvLeg #NvEconomicForum
December 3, 2024 at 7:22 PM
The Economic Forum tends to underestimate future revenue, except it does not anticipate recessions. The December (even years) forecasts used for the Governor's Executive Budget tend to be lower than the May (odd years) forecasts used for the final legislative budget. #NvLeg #NvEconomicForum
December 3, 2024 at 7:22 PM
The funding ratio for NV PERS remained about constant for FY2024, at 75.6%. The actuaries told the PERS board that this represents a stronger fiscal position than the same funding ratio prior to the more conservative assumption changes. (The estimated future liability in the denominator increased).
November 22, 2024 at 6:55 PM
Better resolution version of the chart comparing employee and employer contribution rates for 26 state pension systems without social security (excluding police/fire plans). Nevada state employees pay the highest employee retirement contributions.
November 22, 2024 at 6:22 PM
Among 26 state pension systems without Social Security, Nevada PERS's total actuarial contribution rate ranks in the second quintile. That’s high but not out of line given its mature population (lots of retirees) and reasonably good benefits with retiree cost-of-living adjustments. #nvleg #nvpers
November 22, 2024 at 6:17 PM
Nevada PERS has received the actuarial determination of contribution rates for the 2025-2027 biennium. For regular employees on the employer/employee pay plan, the retirement contributions from the employee and employer will rise by 1.75%, from 17.50% to 19.25% each on 7/1/2025. #nvleg #nvpers
November 22, 2024 at 6:05 PM
Strike over
November 16, 2024 at 3:38 AM