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

Sen. Knopp’s survey top priorities: Forest management and PERS reform

Press Release Bend, Ore. – Senator Tim Knopp (R-Bend) released the results of his 2016 session legislative survey for the constituents of Senate District 27. Constituents were asked to share their top priorities for the 2016 session, and two pieces … Continue reading

Posted by at 07:59 | Posted in Natural Resources, PERS, Public Employees Retirement System, Timber | 7 Comments

Hastert and Goldschmidt: Justice Denied

Last Friday’s Wall Street Journal announced that former Speaker of the House Denny Hastert (R-IL) had been indicted for attempting to evade reporting requirements for bank withdrawals exceeding $10,000 and for lying to the Federal Bureau of Investigation (FBI) regarding … Continue reading

Posted by at 05:00 | Posted in Gov. Neil Goldschmidt, Public Employees Retirement System, Speaker Dennis Hastert | 10 Comments

A Generational Mistake

By Steve Buckstein The Oregon Supreme Court last week struck down key 2013 legislative reforms to the Oregon Public Employee Retirement System (PERS) that would have saved taxpayers billions of dollars. The Court in effect added some $5 billion back … Continue reading

Posted by at 04:30 | Posted in Economy, Government reform, Oregon Government, PERS, Public Employee Unions, Public Employees Retirement System, State Government, State Taxes, Taxes | Tagged , , , | 21 Comments

PERS decision will cost Oregon more than $1 billion

by Sen. Doug Whitsett Cost of Oregon Supreme Court reversal of 2013 PERS reforms will be well more than $1 billion – “Not a single one of those dollars will go towards hiring teachers, police officers, librarians, paving roads or … Continue reading

Posted by at 07:15 | Posted in Oregon Supreme Court, PERS, Public Employee Unions, Public Employees Retirement System | 22 Comments

Supreme Court PERS ruling: Sen. Tim Knopp calls for immediate action

Sen. Tim Knopp Salem, OR – Yesterday, the Oregon Supreme Court announced their decision to overturn major PERS reforms from the 2013 Grand Bargain that would have saved the state close to $5 billion in unfunded liability. “[Thursday] we lost … Continue reading

Posted by at 05:47 | Posted in OR 78th Legislative Session, Oregon Senate, Oregon Supreme Court, PERS, Public Employees Retirement System | 5 Comments

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 | 210 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 | 3,157 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

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