Category Archives: Public Employees Retirement System (PERS)

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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Oregon government employees sue to stop new pension law

Nine Oregon public employees, including a Salem firefighter, have sued the state, saying their pension benefits are unfairly reduced by a new law. The lawsuit, filed Friday in the Oregon Supreme Court, contests Senate Bill 1049, which the Oregon Legislature passed and Gov. Kate Brown signed into law this year. Source: Oregon government employees sue […]
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Oregon public unions want top court to block PERS changes

Lawsuit challenges changes that tweak savings plan and cap salary number used to determine retirement benefits. Nine public employees are asking the state’s highest court to review a new state policy that slashed their retirement benefits. Source: Pamplin Media Group – Oregon public unions want top court to block PERS changes

 PERS board votes to continue assumed rate of return on investment earnings

Rate is left unchanged for the first time in six years on a 3-2 vote; may moderate the likely increases in contribution rates that member government agencies will see in the 2021-23 state budget cycle. Source: Pamplin Media Group – PERS board votes to continue assumed rate of return on investment earnings

PERS board votes to continue assumed rate of return on investment earnings

Rate is left unchanged for the first time in six years on a 3-2 vote; may moderate the likely increases in contribution rates that member government agencies will see in the 2021-23 state budget cycle. Source: PERS board votes to continue assumed rate of return on investment earnings