11/12/2009: Jack Bogdanski, a tax lawyer at Lewis and Clark, has somehow obtained a copy of a draft report by former Secretary of State Phil Keisling on PERS. It’s a disaster. Employers are going to have to double, perhaps triple their contributions to the fund. Taxpayers may be hit up for additional revenue beyond that. UO’s cost per employee will soar:
By 2013-15, what one observers calls Oregon’s pending “PERS Tsunami” could literally “wash away” more than $2 billion in taxpayer funds that today are being used to provide actual government services – e.g. K-12 teachers and college professors, health care and early childhood education, building roads and repairing aging infrastructure, etc.
It’s not a good read.
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