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PERS still on collision course with little hope on the horizon

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Comments

Don Dix

And the same asshats that have casually enabled this mess for 30 years (PERS policy-makers) are pushing another $2.5B tax in front of the voters (IP 28).

Smart money wagers this new tax is an add on, and will have no effect on the unfunded liability. But a good portion could end up electing more Ds in the complicit government. And growing government with sympathetic decision-makers (senators, reps, judges, and their respective appointments) adds more PERS recipients, increases the amount of union dues collected, which protects the 'hands off' attitude when dealing with PERS.

The legislature wanted to retrofit the capital building, but the project appears dead ... after spending $18M to study! It's puzzling how such blatant misuses of public money are ignored.

Someday, 'other peoples money' will dry up and then we can watch as the schemers cannibalize their own! Bon Appetit!

Seabiscuit

So, if every single public employee in the PERS system hired before something like July of 1993 were to get fired on December 31, 2015 and withdraw all funds credited to them by PERS in a lump sum withdrawal on 12-31-2015, the state would could possibly come up around $20 billion short on funds?

Just curious and wondering what the possibility of that is?

But, you are probably right the sky is falling....
http://www.oregon.gov/pers/docs/general_information/pers_facts.pdf

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