Workers expect their defined contribution plans to play a greater role in their retirement income than annuities.
April 01--CARSON CITY -- Nevada's minimum wage will remain the same for the coming year
Although President Barack Obama has called for an increase in the federal minimum to $10.10 an hour, Gov. Brian Sandoval has said he would oppose such an increase because it would mean a loss of jobs.
Nevada's minimum is $7.25 an hour -- the same as the current federal minimum -- for those offered health insurance by their employers. For those without health insurance, the minimum wage is $8.25 an hour.
A 2006 voter approved constitutional amendment requires Nevada's minimum wage to be recalculated each year by comparing the amount of increases in the federal minimum wage over $5.15 per hour, or, if greater, to the cost of living.
Daily overtime thresholds, which are tied to the minimum wage, also will remain the same in 2015.
Danny Thompson, executive director of the Nevada State AFL-CIO, said he supports the president's efforts to raise the minimum wage. "I believe it should be higher," he said, adding it is difficult for workers to live on the current minimum.
The Associated Press contributed to this report.
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