The crisis in the Oregon Public Employee Retirement System has been in the news again recently. PERS announced hundreds of millions of dollars in higher pension costs in the budget that starts next.
To level the playing field while protecting Oregon public workers, the Legislature did what corporations often do for high-paid execs: It grossed them up with a supplemental benefit, then began taxing.
The citizens panel that oversees PERS investments has gone out of its way to guide the board to a lower rate. The Oregon Investment Council recently adopted an internal estimate of 7.1 percent, based.
And it’s below the $1.75 billion in estimated savings from which formed the "Fix PERS Now Coalition" with the Oregon Business Association, Stand for Children and The Oregon Business Plan. Ryan Deckert.
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The Oregonian/OregonLive maintains a database of PERS benefits by recipient. The top recipients of PERS benefits receive some eye-popping numbers, but even if you eliminated those annual payouts the.
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In other circles, it’s called pension spiking. And in Oregon, it comes in myriad forms. An analysis by The Oregonian of pension and pay records from public employers around the state shows that PERS’.
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But his family agrees that his entire generation could be cheated of the education needed to be successful. Oregon PERS is not the only cost increase plaguing Oregon schools. Medical benefits and step.
as "Police and Fire" employees, a distinction that can allow them to retire earlier than other workers, drawing pensions formulated at a rate 20 percent higher than others. Recognizing that police.
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I’ll explain. Many years ago, PERS agreed to provide a "tax remedy" to make up for benefit recipients having to pay Oregon income taxes. This applies only to Tier One benefit recipients who.
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"I’m going to look at how we can make some progress on this issue, but I’m not willing to sacrifice everything else that we’ve been doing for the last two years on the altar of the PERS system." $16.