GOP leadership on Oregon Supreme Court PERS ruling

Oregon Senate Republicans Salem, OR – House Republican Leader Mike McLane (R-Powell Butte) and Senate Republican Leader Ted Ferrioli (R-John Day) issued the following joint statement regarding today’s Supreme Court decision to strike down the PERS reforms passed by the … Continue reading

Posted by at 09:14 | Posted in Oregon Supreme Court, PERS, Public Employees Retirement System | 8 Comments

Cascade Report Exposes $2.6 Billion in Unfunded Liabilities

By Kathryn Hickok Cascade Policy Institute has released a new report showing that Oregon public employers have more than $2.6 billion in unfunded actuarially accrued liabilities associated with non-pension benefits promised to current and future retirees. Referred to as “Other … Continue reading

Posted by at 01:14 | Posted in Economy, Government reform, Government Spending, Leadership, Oregon Government, Oregon House, Oregon Senate, PERS, Portland, Portland Politics, Public Employee Unions, Public Employees Retirement System, Public Transportation, State Budget, State Government, Taxes, Transportation, TriMet | Tagged , , , , | 12 Comments

‘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 | 268 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 | 3,305 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 | 29 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 | 2,478 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 | 565 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 | 9,120 Comments

New study: Oregon PERS among 9 worst

by NW Spotlight A study released on September 3, 2013, by the non-profit organization State Budget Solutions, rates Oregon among the nine worst states for the health of their public pension plans. “By combining the rankings of per capita unfunded liabilities … Continue reading

Posted by at 12:27 | Posted in PERS, Public Employees Retirement System | 1,571 Comments

The Public Employees Unions Are Primarily Responsible for Oregon’s Declining Schools

Last week, the Oregonian, with front-page headlines above the fold, announced “Schools doing worse on tests.”  If that was meant to be a revelation, they are about two decades late.  Oregon’s public schools have been on a long slide into … Continue reading

Posted by at 05:00 | Posted in Education, Gov. Kitzhaber, Government Spending, Oregon Government, Public Employee Unions, Public Employees Retirement System, State Budget, Unions | 2,991 Comments

Sen. Knopp & Rep. Conger introducing PERS bill

Sen. Tim Knopp and Rep. Jason Conger Salem, OR – Senator Tim Knopp (R-Bend) along with Representative Jason Conger (R-Bend) are set to provide fiscal relief to communities struggling with spiraling Public Employees Retirement System (PERS) expenses. Oregon agencies have to cut … Continue reading

Posted by at 12:35 | Posted in OR 77th Legislative Session, PERS, Public Employees Retirement System | 1,191 Comments

Oregon forces lawmakers to keep PERS

by Shelby Sebens, Northwest Watchdog PORTLAND — Oregon’s retirement plan for lawmakers borrows a line from the Eagles’ iconic hit “Hotel California.” “You can check out anytime you like, but you can never leave.” But some lawmakers want to check out … Continue reading

Posted by at 05:00 | Posted in OR 77th Legislative Session, PERS, Public Employees Retirement System | 1,206 Comments

Kitzhaber’s Well Intended PERS Reforms Are Insufficient

Oregon’s gold plated Public Employees Retirement System is seemingly in the news virtually every day. It should be. The PERS executive director – a beneficiary of PERS – announced that PERS had an unfunded future liability of $14Billion dollars. That … Continue reading

Posted by at 05:00 | Posted in Gov. Kitzhaber, Gov. Kulongoski, PERS, Public Employee Unions, Public Employees Retirement System | 2,444 Comments

How to cut 9% of Oregon PERS liability (legally)

by Eric Shierman Oregon’s Public Employee Retirement System benefits were once tax free. In 1991 the Oregon legislature tried to pass a rather modest reform to require public employees to at least pay taxes in retirement like everyone else, but … Continue reading

Posted by at 05:00 | Posted in PERS, Public Employees Retirement System, State Taxes | 931 Comments

We most solve unsustainable increases to the cost of government

by Rep. Kevin Cameron (R-Salem) This week we were presented with News that is not NEW. The 4th quarter revenue forecast for the state is similar to what most Oregon families and businesses have been seeing for the past few … Continue reading

Posted by at 06:49 | Posted in Oregon House, Public Employees Retirement System, State Budget | 3 Comments

It’s time to make PERS sustainable

by Senator Doug Whitsett Failure to make changes in PERS could result in the collapse of the retirement system and the loss of retirement benefits to all those who have earned them More than 95% of Oregon’s current and former … Continue reading

Posted by at 05:00 | Posted in PERS, Public Employees Retirement System | 40 Comments

Kitzhaber at odds with Tina Kotek on PERS reform

by NW Spotlight Tina Kotek isn’t even the House Speaker yet, and she’s already gotten crosswise with the Governor. After last Tuesday’s election, Kotek said in a Eugene Register-Guard article “What people want to talk about is schools and jobs. … Continue reading

Posted by at 02:11 | Posted in Gov. Kitzhaber, Oregon House, PERS, Public Employees Retirement System | 45 Comments

A Bleak Election Day for Oregon Taxpayers

Election Day 2012 was not a good day for conservatives anywhere and particularly not in Oregon. The Democrats, backed by Oregon’s public employee unions, swept every statewide office. They re-took control of both houses of the state legislature. The slate … Continue reading

Posted by at 10:23 | Posted in 2012 Election, Gov. Kitzhaber, Public Employee Unions, Public Employees Retirement System, State Taxes | 518 Comments

How do we solve the PERS crisis?

by Dan Lucas Oregon PERS Crisis 101 – Part 3: How do we solve the PERS crisis? Previous PERS reforms have made major strides in making PERS sustainable, but the excesses of the past still leave PERS vulnerable to downturns … Continue reading

Posted by at 05:00 | Posted in PERS, Public Employees Retirement System | 17 Comments

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