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Posts tagged as “PERS”

Leave PEBB and give everyone a 5% raise with no cuts to benefits

3/6/2020: Given the proposal by the UO Administration’s lead bargainer Missy Matella along these lines during Thursday’s bargaining, this seems like a good time to repost this from 2013. The numbers below are old and for all Oregon universities not just UO, but very roughly they suggest potential savings for…

RG editorial board: Cuts to public services will trim your mortgage 25%!

Worse schools for your kids, but more fees for Wall Street brokers and consultants who want PERS to fund its pension obligations with stock market investments, so they can get their cut. The RG editorial board regurgitates the latest PERS hysteria here, straight from the WSJ editorial page: For a…

NYTimes gives Oregon PERS a superficial once-over, doesn’t cite Sickinger or explain why PERS wants $20B more for its $70B endowment

Reporter Mary Williams Walsh has a poorly-cited rehash of issues originally raised by the excellent coverage of the Oregonian’s Ted Sickinger, who doesn’t even get a shout-out. Walsh: For decades, PERS calculated pensions two different ways, and retirees could choose whichever produced the bigger numbers. The first way was similar…