Added Trouble for PERS

What is an annuity cash flow calculator?  What is the net present value of a stream of income?  Why are the public employee unions so concerned about it?  Okay, if you were forced to endure a teachers union led education … Continue reading

Posted by at 05:00 | Posted in Gov. Kate Brown, Government Abuse, Government corruption, PERS, Public Employee Unions, Public Employees Retirement System, State Budget, State Taxes | Leave a comment

Gov. Kate Brown refuses to address PERS crisis

Oregon Senate Republicans SALEM – Gov. Kate Brown threw ice-cold water on the idea of addressing Oregon’s critical pension crisis at the annual Oregon Leadership Summit, which has met since 2002 to facilitate honest and collaborative conversations. Senate Minority Leader … Continue reading

Posted by at 05:43 | Posted in Education, Gov. Kate Brown, PERS, Public Employees Retirement System | Leave a comment

Borrowing money to pay off PERS debt doesn’t solve the problem

by Sen. Doug Whitsett The compounding financial debacle within the Public Employee Retirement System (PERS) is one of the most persistent and vexing problems facing Oregon lawmakers. Oregon taxpayers now owe about $22 billion more money to Oregon public employees … Continue reading

Posted by at 05:27 | Posted in Oregon Senate, PERS, Public Employee Unions, Public Employees Retirement System | Leave a comment

PERS – And Then She Cried

In a recent report before a joint meeting of the Oregon Investment Council and the Oregon Public Employees Retirement System (PERS) Board it was revealed that the unfunded future liability of PERS is estimated at $22 Billion – an amount … Continue reading

Posted by at 05:00 | Posted in Corruption, Gov. Kate Brown, Gov. Kitzhaber, Gov. Kulongoski, Gov. Neil Goldschmidt, Government corruption, Government reform, Leadership, Metro, PERS, Public Employees Retirement System, State Budget, State Government | Leave a comment

More editorial boards support fair, constitutional PERS reform

Oregon Senate Republicans In case you missed it PERS ideas offer start for reform Corvallis Gazette-Times Editorial Board September 15, 2016 It would be an understatement to say that the Oregon Legislature has been unwilling to tackle any kind of … Continue reading

Posted by at 04:59 | Posted in PERS, Public Employees Retirement System | Leave a comment

Possible PERS solutions deemed likely constitutional

Sen. Betsy Johnson and Sen. Tim Knopp Salem, Ore. – Oregon’s Legislative Counsel has released a legal opinion on the constitutionality of possible Public Employees Retirement System (PERS) reforms. Of the reforms analyzed, seven were deemed likely constitutional. Senator Betsy … Continue reading

Posted by at 07:30 | Posted in Oregon Senate, Oregon Supreme Court, PERS, Public Employees Retirement System | 4 Comments

Voters should ask why we need Measure 97 tax increases

by Dan Lucas Oregon’s Measure 97 will significantly increase the amount of tax revenue for the state. It is projected by the state’s Legislative Revenue Office to generate $6 billion in tax revenues per biennial budget cycle. That’s a lot … Continue reading

Posted by at 05:00 | Posted in Measure 97, PERS, Public Employees Retirement System, State Budget, State Taxes | 3 Comments

Oregonians invited to participate in bipartisan PERS solutions work group

Sen. Tim Knopp and Sen. Betsy Johnson Salem, Ore. – Recognizing that significant Oregon challenges require strong bipartisan teamwork and solutions, Senator Betsy Johnson (D – Scappoose) and Senator Tim Knopp (R – Bend) invite interested Oregonians to participate in … Continue reading

Posted by at 05:00 | Posted in PERS, Public Employees Retirement System | 22 Comments

Solutions to PERS problems are available

by Sen. Doug Whitsett The Oregon Public Employee Retirement System (PERS) announced more bad news last month. Its unfunded liability has increased more than 20 percent, from $18 billion to $21.8 billion. The retirement system is now only 71 percent … Continue reading

Posted by at 05:08 | Posted in PERS, Public Employees Retirement System | 6 Comments

Oregon’s unfunded PERS liability climbs to $21.8 billion

Oregon Senate Republicans Fair, Constitutional PERS Reform Options Available Salem, Ore. – Today, the Oregon Public Employee Retirement System (PERS) Board will receive a report from their financial actuary firm Milliman showing PERS’ unfunded liability has risen to $21.8 billion. … Continue reading

Posted by at 10:11 | Posted in Oregon Senate, PERS, Public Employee Unions, Public Employees Retirement System | 8 Comments

Are Oregon public employees becoming a privileged class?

by Sen. Doug Whitsett Last September, my office and the Senate Republican Caucus asked the Oregon Department of Administrative Services (DAS) and Legislative Fiscal Office (LFO) to determine both the average and median compensation for Oregon state employees. Completing the … Continue reading

Posted by at 05:00 | Posted in PERS, Public Employee Unions, Public Employees Retirement System, State Budget, State Government, State Taxes | 15 Comments

PERS liability falls $8 billion short of 2015 target

by Sen. Tim Knopp Senator Knopp Warns of Budget Cuts if Legislature Fails to Fix PERS Now Bend, Ore. – Earlier this week, Oregon’s Public Employee Retirement System (PERS) Board received an earnings report on the current status of the … Continue reading

Posted by at 08:02 | Posted in Education, PERS, Public Employees Retirement System, State Budget | 30 Comments

2017 PERS rate increases: Growing cost to Oregon schools

Sen. Tim Knopp PERS rates projected to almost double in next 9 years Salem, Ore. – Last week, Senator Tim Knopp (R-Bend) responded to the adoption of 2017 Public Employee Retirement System (PERS) advisory rates estimated to cost school districts … Continue reading

Posted by at 05:38 | Posted in Education, Oregon Senate, PERS, Public Employees Retirement System, State Budget | 26 Comments

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