Tag Archives: PERS Reform

Oregon Business Plan gathering feedback for 2019 legislative session

Local business and governmental leaders met with representatives of the Oregon Business Council and Oregon Business & Industry on Friday. When the 2019 legislative session convenes, Oregon’s business community plans to be ready with legislation and budget recommendations to address Oregon’s fiscal problems. Tackling rising costs of the Public Employee Retirement System is on the […]
Read More »

Our View: Oregon lacks political will on PERS

Oregon has become the national poster child for public pensions gone awry. A recent New York Times story cast a spotlight on Joseph Robertson, an eye surgeon who retired as head of the Oregon Health & Science University last fall and gets a whopping $76,111 per month. More than 2,000 other state retirees get pensions […]
Read More »

Editorial: Governor and Legislature need to do more about PERS

Sunday’s Bulletin featured a New York Times story highlighting the devastating math of Oregon’s public employees retirement system known as PERS. PERS has produced ridiculous outcomes. Consider former Oregon Health & Science University’s President Joe Robertson’s state pension of $76,111. A month. Mike Bellotti, the University of Oregon’s former football coach, had his retirement grossly […]
Read More »

My View: TriMet shows pension reform possible

TriMet’s pension reform offers a valuable guide to the Oregon Legislature on how to contain and reverse the spiraling PERS disaster. The Oregon Legislature recently adjourned its 2018 session and once again took no action to reduce the long-term financial obligations of the Oregon Public Employee Retirement System. Source: Pamplin Media Group – My View: […]
Read More »

Editorial: Lawmakers can’t duck Oregon’s PERS burden

ESD’s projections show the scale and duration of the problem. Both Gov. Kate Brown and the Oregon Legislature deserve credit for acknowledging the seriousness of the state’s public pension problem. A task force commissioned by the governor kicked the tires last year on a handful of options for reducing the pension system’s $25 billion shortfall. And the […]
Read More »

Editorial: Legislature didn’t do enough about PERS

Oregon lawmakers did do something this year to address the state’s $20 billion-plus unfunded liability in its Public Employees Retirement System pension funds, though what it did is not nearly enough. Before they left Salem on Saturday, lawmakers pushed Senate Bill 1566 through the House. Source: Editorial: Legislature didn’t do enough about PERS;

Editorial: Whisnant bill is a good step to PERS reform

The Oregon Legislature, it seems, is not averse to reform of the Public Employees Retirement System. House Bill 4046, a bipartisan measure sponsored, in part, by Rep. Gene Whisnant, R-Sunriver, and Knute Buehler, R-Bend, took just over two weeks to make it through the state House and sits on the Senate president’s desk. Moreover, House […]
Read More »

Editorial: Whisnant bill is a good step to PERS reform;

The Oregon Legislature, it seems, is not averse to reform of the Public Employees Retirement System. House Bill 4046, a bipartisan measure sponsored, in part, by Rep. Gene Whisnant, R-Sunriver, and Knute Buehler, R-Bend, took just over two weeks to make it through the state House and sits on the Senate president’s desk. Source: Editorial: […]
Read More »

Citizen’s View: Session should focus on PERS adjustments

PERS is too complex to solve during a short session, but it’s too big of an issue to ignore During the short 2018 legislative session, the Legislature should prioritize stabilizing the budget. This includes some minor changes to PERS and postponing a vote on the cap-and-invest bills until 2019. Source: Citizen’s View: Session should focus […]
Read More »

Guest column: PERS solution requires many difficult steps

On Dec. 1, 2017, Oregon got a preview of how much more will be required to be paid into the Public Employees Retirement System in 2019-21 and beyond. No surprise, the estimated required contribution rates are going up dramatically. PERS contribution rates are not anticipated to drop substantially until 2035. What do the contribution rate […]
Read More »