Category Archives: Public Employees Retirement System (PERS)

DEMOCRATS: How to fix PERS

Policymakers must look at complete picture, avoid ill-informed changes. The Oregon Public Employee Retirement System was created to provide a stable and secure retirement for public employees and allow universities, police and fire departments, local governments and the state to compete for employees. This retirement benefit is an essential part of the total compensation for […]
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Editorial: State retirement system still a worry

You don’t have to be an accountant to know Oregon’s Public Employees Retirement System is in trouble. School teachers, police officers and other government employees deserve good retirement plans. But it has to be a plan the state can afford. Oregon’s PERS moved from no liability in 2007 to $17 billion in unfunded liability in […]
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The City of Wilsonville addresses its PERS burden

The program could allow the City to pay off its retirement system obligations more easily. The City of Wilsonville decided to address its Public Employment Retirement System (PERS) obligation during a meeting Oct. 7. Source: Pamplin Media Group – The City of Wilsonville addresses its PERS burden

Oregon Labor Unions Vow Retribution Against Some Democrats

Oregon labor groups are still upset over a vote on pensions. But as the 2020 election nears, are they truly willing to leave their favorite party in a lurch? Source: Oregon Labor Unions Vow Retribution Against Some Democrats

Oregon PERS opens employer incentive fund to provide matching funds on extra pension contributions

Oregon’s public pension fund has opened the door to its employer incentive fund, inviting its most deficit-challenged members to apply for matching funds from the state if they can come up with some extra dough to pay down their unfunded liability. Source: Oregon PERS opens employer incentive fund to provide matching funds on extra pension […]
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Some lawmakers excluded from speeches at Labor Day picnic

After PERS cuts, some Oregon politicos sat in the audience during the annual Northwest Labor Council event at Oaks Park. Source: Some lawmakers excluded from speeches at Labor Day picnic

Back to School: How Oregon’s Student Success Act money will be spent

Oregon schools are getting more money next year thanks to the Student Success Act. The measure, which Gov. Kate Brown, D-Oregon, signed in May, is paid for with a . 057% tax on gross receipts for businesses with $1 million or more in sales, which make up less than 10% of all businesses in the […]
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PERS pension debt clouds Oregon’s fiscal future

State Library Ed. Note: State employees should contact the State Library for access to this Pamplin Media story.  library.help@state.or.us or 503-378-8800. Chris Telfer, a certified public accountant and former state senator from Bend, is a chief petitioner on initiative petitions 22, 23 and 24 Source: PERS pension debt clouds Oregon’s fiscal future

Ballot measures would make PERS problems worse | Opinion

‘These proposed ballot initiatives will only do harm to the pension system and the people who are counting on it.’ Source: Early: Ballot measures would make PERS problems worse

Public employees file suit to overturn lawmakers’ pension changes

The lawsuit seeks to eliminate the employee cost-sharing provisions that were included in Senate Bill 1049, as well as new limits on pensionable salaries for employees hired after 1996. The employees contend that the resulting loss of retirement benefits violates the Constitution, is a breach of contract, and an illegal taking without compensation. Source: Public […]
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