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.