Tag Archives: PERS

Oregon PERS: Top 10 recipients of benefits

The top recipients of PERS benefits receive some eye-popping numbers, but even if you eliminated those annual payouts the systemic issues remain. Source: Oregon PERS: Top 10 recipients of benefits | OregonLive.com

An agreement with our public employees cannot be altered after the fact

I am proud to be a fifth-generation Oregonian and to serve as representative for Oregon House District 21. I am the child of parents who worked as public employees; my mother as a school teacher and my father as a letter carrier. Through them, I learned the value of working hard to provide for one’s […]
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Secretary of State visits Klamath Falls

Statewide elections, water and party inclusion were top talking points for Oregon Secretary of State Dennis Richardson Saturday evening in Klamath Falls during the Lincoln Day Dinner hosted by Klamath County Republicans at Oregon Tech. Richardson roughly eight weeks into his term, shared a letter he wrote to President Donald Trump where he addressed President […]
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Legislative countdown: Rising PERS costs affect Portland Community College students (Editorial)

In a letter to students last Friday, Portland Community College informed students tuition will go up by as much as 7 percent next year. PCC, which serves many low-income students, needs to patch a $12 million budget gap over the next biennium. To do so, they’re expecting to make the same increase again in the […]
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Erik Lukens column: Despite PERS crisis, employees demand more | Opinion

Like Gov. Kate Brown, many state lawmakers would rather do almost anything than talk about Oregon’s public pension crisis. The problem refuses to be ignored, however. Pension costs have contributed significantly to an anticipated $1.6 billion shortfall in the state budget. As if that weren’t alarming enough, PERS is also a growing problem for local […]
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Legislative countdown: PERS reform proposal | Editorial

Among the proposals for reforming the Public Employees Retirement System is one to redirect the contribution that currently goes to employees’ individual retirement accounts to the pension fund instead. The idea is to help reduce payments employers have to make to the woefully underfunded system. Source: Legislative countdown: PERS reform proposal (Editorial) | OregonLive.com

When 6.9% Isn’t Enough

Despite earning 6.9% in 2016, the Oregon Public Employees Retirement System (PERS) has announced it faces a projected 20-year actuarial liability of the system close to $22 billion, which is about one-third of the pension fund’s $70 billion in assets. Source: When 6.9% Isn’t Enough | Chief Investment Officer

Courtney says Legislature faces unprecedented workload

Veteran Senate president lists six big issues facing lawmakers this session. The Oregon Legislature faces an unprecedented workload, but is chipping away on six different fronts, according to its most experienced member. Source: Oregon Local News – Courtney says Legislature faces unprecedented workload

We can’t afford to ignore the high cost of PERS | Opinion

We are living in a highly contentious society. In Oregon, few issues are more contentious than the Public Employees Retirement System. Succinctly, recipients want more, while those funding it, the taxpayers, want less. Many PERS-eligible employees say promises were made to them, and it is the moral obligation of Salem and society to fulfill those […]
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Our View: State budget will require tradeoffs – Opinion

Members of the Oregon Legislature’s Joint Ways and Means Committee got an earful Friday night from advocates for key state services. Backers of education, health care and other state services urged the committee to find new sources of revenue — read taxes — to avoid painful cuts, but that will be far from easy. The […]
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