Tag Archives: PERS Reform

Editorial: PERS problem should not be treated like fantasy

  Escapist fantasy can make for great tales — “Stranger Things,” Snow White, you name it. The outcome is not so good when Oregon’s leaders spin their fantasies on the public. C. John Larson, president of the Oregon Education Association, recently told a story of how the state’s $25 billion state pension unfunded liability is […]
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Raiding SAIF to ease pension crisis will hurt workers, small business: Guest opinion

Any builder knows the importance of a strong foundation. A flawed foundation puts an entire structure at risk. No builder would ever consider making changes that would undermine a strong foundation. That’s exactly what the Oregon Legislature would be doing if it acted on suggestions to make changes to or take surpluses from SAIF Corp., […]
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Gov. Brown receives PERS options

Property sales, pooling risk can help cut $25B deficit. A sheaf of ideas to shave the nearly $25 billion shortfall between estimates of what public workers are owed in benefits and money available to pay the bill was sent to Gov. Kate Brown on Wednesday. The Public Employees Retirement System Unfunded Actuarial Liability Task Force […]
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MY VOICE: No true desire to slay the beast

I cannot resist the fodder in the Sept. 29 Observer: “Deficit climbs to $25.3B” by Ted Sickinger of The Oregonian. When politicians put a “B” for billions and a “T” for trillions behind dollar amounts, it dilutes the subject. In this case, folks, we are taking billions. Here in Oregon. Source: MY VOICE: No true […]
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Bentz: Form a committee to address major state reforms

Representative presses for spending, revenue and public retirement reforms. Tackling spending, revenue and public retirement reform at the state level will be difficult, but Rep. Cliff Bentz, R-Ontario, believes it can be done. After a bipartisan committee ushered in a state transportation package this year, Bentz said a similar committee should be established and tasked […]
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PERS Panel offers its $5 billion solutions

A final report should be on the governor’s desk by Nov. 1. A panel created to come up with ways to shave a $5 billion chunk off the $25.5 billion debt of the Public Employee Retirement System held its final public meeting on Friday. The PERS Unfunded Actuarial Liability Task Force is the brainchild of […]
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PERS: Task force seeks $5 billion in pension savings

The state task force assigned to find ways to pare down the $25 billion deficit in Oregon’s public pension fund met for the final time Friday and will deliver their ideas by Nov. 1. Gov. Kate Brown effectively assigned the seven-member panel to shake the sofa cushions of state government and see if they could […]
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PERS task force meets for final time as deadline looms

Since the task force started meeting in July, the unfunded liability has increased $3 billion, to $25.3 billion. The task force charged with reducing Oregon’s unfunded pension liability met for the last time Friday, but it’s still not certain any of its ideas will survive the political process, or meet the goal set by Gov. […]
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Editorial: The good old days for education

These may well be the good old days for Bend-La Pine Schools. Retirement costs are set to devour more and more of the district’s budget. Dream of smaller class sizes? Better graduation rates? Worry instead about cutting teachers and staff, pay cuts or fewer school days. Retirement costs for school districts across the state are […]
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Editorial: PERS panel must work in the public eye

Gov. Kate Brown has convened a special panel to try to find at least $5 billion worth of additional revenue to help fill the $24.5 billion unfunded liability in the state’s Public Employees Retirement System. Brown’s charge to the panel is to report back by Nov. 1 with a variety of ideas (even those that […]
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