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Nevada governments on the hook for over $600M in paid time off
Las Vegas Review-Journal: Taxpayers potentially owe almost $610 million to local government employees in Nevada’s two most populous counties for their unused paid time off, financial reports show.
That liability grew 26 percent from 2007 to 2017, and it doesn’t represent compensation that will be paid exclusively for rest, relaxation, illness or personal time. Many of Nevada’s public employees can stockpile their sick and vacation hours and cash them out at retirement. Some of those payouts exceed $100,000.
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