Online subscriber? Please Log In
  

Need Help? | Forgot Your Password?

Legislators tasting the PERS porridge

Mar 15, 2013 | 1 Comment


By Jeb Bladine
Of the News-Register


Only online subscribers may access this article. Subscribe online by clicking here. Already a subscriber, please .

Would you like to comment on this article?

Only online subscribers may comment on articles. Click here to see how you can subscribe.
Already a subscriber, please

Note: Some articles do not accept comments at all.

Comments

03:52 pm - Fri, March 15 2013
kona said:
We would have very few layoffs in our schools if PERS was set at the level almost all Tier I employees came into the system.

You said, "It’s time — past time — for Oregonians to taste the porridge that is just right. Let’s make a PERS bed that fulfills only the original promises of a retirement program that became overstuffed while no one was looking."

"In 1981, the Legislature decided to add another retirement formula, one based solely on years of service and a worker's final salary. Lawmakers set a clear goal with the new formula: Public employees with at least 30 years of service (25 years in the case of police and firefighters) should receive a pension equal to about 50 percent to 60 percent of their final salary."

http://oregonstate.edu/senate/agen/reports/PERS0210.html
© 1999- News-Register Publishing | © The Associated Press
The News-Register and NewsRegister.com are owned and operated by News-Register Publishing Co., P.O. Box 727, McMinnville, OR 97128.
All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Web design & powered by LVSYS