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Posts tagged as “PERS”

Sickinger on PERS COLA cuts

10/8/2013: Ted Sickinger is an investigative reporter for the Oregonian. His piece on Mike Bellotti’s PERS scam was a classic. At retirement, Bellotti’s post divorce account balance was only $300,000. The university made its own contributions over the 21 years he was employed. But combined, they won’t come close to covering…

PERS follies get recursive

6/12/2013: From Hannah Hoffmann in the SJ: Public sector retirements this year are up 54 percent over last year, according to statistics kept by the Public Employees Retirement System. Workers say the proposed cuts in the legislature are driving their early exits.  PERS spokesman David Crosley said 2,305 public sector…

PERS reform dissected

Fun graphic from Mark Friesen in the Oregonian – mouseover the dots and see the retiree’s name, final salary, and retirement benefits (you gotta follow the link here, below is just a screenshot). The accompanying article by Ted Sickinger makes a lot of interesting points about how haphazard current payouts…

Why I love Oregon

From the Oregonian, 3/26/2013: “I’m not going to add any fuel to their fire,” she said. “My comments are not printable.” In other news, the Democrats have released their PERS reform plan: — Retirees would receive the current 2 percent increase on the first $20,000 of retirement income. The COLA…