Nevada PERS

The Public Employees' Retirement Board of Nevada is responsible for the administration, investment and management of the Public Employees' Retirement System of Nevada ("PERS"), the Nevada Legislators' Retirement System ("LRS") and the Nevada Judicial Retirement System ("JRS"). These systems provide retirement, disability and survivor benefits for public, legislative and judicial workers employed by the State of Nevada. Pursuant to Board policy, PERS must perform an "independent investment program review" at least every ten years "regarding the soundness of the PERS, JRS and LRS funds, including the assumptions, asset allocation, management structure, and performance results." The scope of work for this engagement included the following key task areas: (a) Review of Investment Policy; (b) Asset Allocation; (c) Investment Management Structure; and (d) Investment Performance.