Ted Sickinger has the story in the Oregonian here: Employees hired after Aug. 28, 2003 who make more than $30,000 a year are now sending 0.75% of salary to support the pension fund, with the remaining 5.25% of salary still flowing to individual accounts. The employee cost-sharing is expected to…
Posts tagged as “PERS”
Ted Sickinger has the report here on PCC’s plan to borrow $200M to use to pay its PERS tab. The bonds will go on sale soon. While this is portrayed as a bet that stock-market returns will exceed the interest rates on the bonds (and it is) as Sickinger explains…
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…
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…
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.
From OSU’s Jock Mills. Sorry, I meant to post this a while back. OSU also has a helpful page on whether or not you should panic over the proposed PERS reforms here. Also check Mr. Fearless here and the Legislative site on SB 650 here. Rumor has it that some departments…
Analysis from the State Legislative analysts, here.
Saul Hubbard has the sad news in the RG here, along with a list of the current top 100. Ted Sickinger’s amazing 2011 story on how the people of Oregon came to be paying former Duck football coach Mike Bellotti $500K a year in pension benefits is here. In essence,…
After HLGR’s Sharon Rudnick and William F. Gary lost the Oregon Supreme Court case case defending Kitzhaber’s PERS reforms – just *how* much did they bill? – this was one of the few remaining cost-savings measures possible. FORTRAN programmer Mr. Fearless does the math for potential retirees on his excellent Persinfo blog, here:…
Ted Sickinger has the report in the Oregonian, here. This will start in 2017. I’m no actuary, but the combination of lower assumed earnings and longer assumed life expectancies will mean a decrease in the monthly payout from the PERS annuity you get when you retire. At the same time…
Ted Sickinger’s amazing 2011 story on how the people of Oregon came to be paying former Duck coach Mike Bellotti $500K a year in pension benefits is here. In essence, Bellotti PERS payout is based on all the money he got in bonuses and Nike deals, even though the state never…
No I don’t meet another zip drive of public records. I mean the Oregon Supreme Court case on the 2013 PERS reforms. Laura Gunderson of the Oregonian has the details on today’s OSC ruling here: The Oregon Supreme Court issued a ruling on Thursday harkening back to a basic playground rule: If you…
Hannah Hoffman has the story in the Statesman Journal. Good news for the UO faculty. The reserve funds Jamie Moffitt set aside for increased costs will now be available to bring salaries up to the level Russ Tomlin and Scott Coltrane tried to implement in 2011. The next round of…