Home Must Reads PERS retirements up

PERS retirements up

| Print |  Email
Must Reads
Thursday, December 19, 2013

PERS saw its second biggest wave of retirees in the system's history.

The Public Employees Retirement System says about 9,500 employees had signed up to take retirement as of Dec. 1, second only to the 12,500 who retired in 2003 as the Legislature undertook fundamental reforms that lowered benefits for members across the board.

The Legislature passed two major reforms bills this year that lowered future cost of living adjustments for retirees and eliminated a tax benefit for retirees who live out of state and don't pay Oregon taxes. Both changes are being challenged at The Oregon Supreme Court. The timing of a members' retirement has no impact on how they will affect benefits.

Read more at OregonLive.com.

 

More Articles

Constant Contact

October 2014
Thursday, September 25, 2014
BY AMY MILSHTEIN

To prevent burnout, companies are banning email and after-hours communications. But is the 24-hour workday here to stay?


Read more...

Shuffling the Deck

November/December 2014
Wednesday, October 22, 2014
BY JON BELL

Oregon tribes still bet on casinos.


Read more...

Powerlist: Law Firms

October 2014
Thursday, September 25, 2014
BY KIM MOORE

A conversation with leading partners at law firms in Portland and eastern Oregon, followed by October's powerlist.


Read more...

Fork & Bottle

October 2014
Thursday, September 25, 2014

National media can’t get enough of Oregon’s pinot noir, artisan-food purveyors and lively, independent film scene.


Read more...

October surprise

News
Sunday, October 12, 2014
roundup-logo-thumb-14BY LINDA BAKER

Cylvia Hayes, tabloid vs. watchdog journalism and the looming threat of a Cascadia earthquake.


Read more...

Fly Zone

November/December 2014
Wednesday, October 22, 2014
BY JOE ROJAS-BURKE

The black soldier fly’s larvae are among the most ravenous and least picky eaters on earth.


Read more...

Kill the Meeting

November/December 2014
Wednesday, October 22, 2014
BY AMY MILSHTEIN

Meetings get a bad rap. A few local companies make them count.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS