Tag Archives: PERS

Portland Community College bets on $200 million pension bond plan

As Oregon schools, municipalities and public agencies face another major increase in public pension costs come July, some are considering a risky solution. Issuing more pension debt. Source: Portland Community College bets on $200 million pension bond plan | OregonLive.com

PERS Q&A: How many Oregon public pension retirees are there?

Q: How many PERS retirees are there? A: 145,863. Source: PERS Q&A: How many Oregon public pension retirees are there? | OregonLive.com

Oregon PERS: Here’s how many people get $100,000-plus

Pension reform proposals have been floated to put a $100,000 cap on annual benefits, though that might not pass legal muster. Q: How many PERS retirees receive $100,000 a year or more? A: Call them the one percenters, as in, about 1 percent of current PERS retirees get more than $100,000 a year in benefits. There […]
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PERS: A Q&A about Oregon’s public pension system

Source: PERS: A Q&A about Oregon’s public pension system | OregonLive.com

Editorial: PERS pain increases as election nears

Pension board to consider new rates Friday. As if to remind Oregonians why the upcoming election matters so much, the board that oversees the state’s public pension system will meet Friday to adopt employer-contribution rates for the next two years. Prepare to hear cries of “ouch” from government offices and school districts across the state. […]
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PERS: A Q&A about Oregon’s public pension system

This is the first of a weekly Q&A focused on the Oregon Public Employee Retirement System.  Q: How much does the average PERS recipient receive per month? Source: PERS: A Q&A about Oregon’s public pension system | OregonLive.com

Editorial: Say no to ACLU request

The American Civil Liberties Union went to the Oregon Investment Council Wednesday and asked that the state withdraw its money from a private equity fund that owns a bail-bond company. The council is unlikely to do so, for a couple of good reasons. Source: Editorial: Say no to ACLU request;

Governor chooses CFO with no pension experience to lead PERS Board

Gov. Kate Brown has settled on a retired tech executive to be the next board chair for Oregon’s complicated, underfunded and controversial Public Employees Retirement System, despite the nominee’s apparent reluctance to immediately lead the body. Sadhana Shenoy is the right choice to lead the board because “she’s extremely bright” and has “great technical expertise,” […]
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Editorial: The math problem Gov. Brown’s education plan ducks

As campaign promises often are, Gov. Kate Brown’s seven-point education strategy is long on aspiration and short on specifics. Brown doesn’t say how she would fund the teacher hiring spree that would be required by her proposal to reduce class sizes in grades K-3 across the state. She doesn’t mention how much her promise to expand free […]
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Editorial: PERS is no ordinary 401(k)

You may have heard the talk: The state’s Public Employees Retirement System’s benefits for its newest members are not much more than a 401(k), the defined-contribution plan that’s become common in private business. It isn’t. Yes, new PERS members have a 401(k), but that isn’t all. Not only will public employees in the newest tier, […]
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