The latest from Mr. Fearless on PERS legislation and the kicker

New info on likely legislative changes and how to best react, on his PERS Info blog here. And the best explanation I’ve read yet on the kicker and how it turns good news into bad news.

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One Response to The latest from Mr. Fearless on PERS legislation and the kicker

  1. Plain Interested says:

    I think Mr. Fearless is totally wrong about the increase in PERS being attributed to reduction in COLA that was pre-spent then reinstated by the state supreme court. Could it be that pensions crested to an average 102% of final salary including unused sick leave and vacation based on an average of 22 years of work history at the state in 2000, or is it that PERS guarantees 7.5/8% interest based on making only 5.5% in investments over the past 10 years? Both of these are the real reasons; a pension system that promised unicorns and now has to find them somewhere.

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