‘Gas-guzzling’ PERS drains effectiveness of our tax dollars

by Dan Lucas Imagine every government fleet in Oregon had vehicles that only got 4 miles per gallon (MPG), and that on average private sector fleets had vehicles that got 22 MPG. Assuming an average of 12,000 miles driven per … Continue reading

Posted by at 05:00 | Posted in PERS, Public Employees Retirement System | 30 Comments

Call for more PERS transparency

by Dan Lucas For whatever reason, Oregon media outlets continue to present very deceptive impressions around how much PERS is costing all levels of government within Oregon. The Oregonian and the Salem Statesman Journal ran articles this past week on … Continue reading

Posted by at 06:09 | Posted in PERS, Public Employees Retirement System | 11 Comments

Decrypting PERS employer contribution rates

by Dan Lucas There has been some good news from Oregon PERS recently. A week ago actuaries let the PERS board know that the PERS unfunded liability had dropped from $16.3 billion in 2011 to $8.5 billion in 2013.  The … Continue reading

Posted by at 05:21 | Posted in Media, PERS, Public Employees Retirement System | 20 Comments

Stockton bankruptcy: Calif PERS may be on chopping block

by NW Spotlight The Fresno Bee is reporting that the judge in the Stockton, California bankruptcy case is leaning towards making the city’s California Public Employees Retirement System (CalPERS) “pension obligations debts that could be trimmed along with those of … Continue reading

Posted by at 05:00 | Posted in PERS, Public Employee Unions, Public Employees Retirement System | 20 Comments

So is PERS fixed?

by Dan Lucas After Gov. Kitzhaber successfully shepherded the five bills of the “grand bargain” package through the Legislative special session in early October, he declared that any further PERS reforms were “off the table.” Senate Bill 861 in the … Continue reading

Posted by at 05:00 | Posted in Gov. Kitzhaber, PERS, Public Employees Retirement System | 57 Comments

The Sacking of America While the Politicians Preen

The Sacking of America While the Politicians Preen Okay, we just watched the latest installment of political ineptness play out in the fight over the budget and the debt ceiling.  I say political ineptness not because the federal government experienced … Continue reading

Posted by at 05:00 | Posted in Economy, Employment, Federal Budget, Federal Government, Jobs, Obamacare, President Obama, Public Employees Retirement System | 562 Comments

Five Questions For Improving Our Schools

Last week we attended a dinner of strangers.  It was one of those affairs where seating is so sufficiently random that you are almost guaranteed to join couples whom you have never met before.  As usual the early part of … Continue reading

Posted by at 05:00 | Posted in Education, Oregon Government, PERS, Portland Schools, Public Employee Unions, Public Employees Retirement System | 1,226 Comments

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