Wednesday, December 21, 2011
More than 8,000 Oregon public employees retired in 2011, 44% higher than the average in recent years.
Preliminary estimates by Oregon Public Employees Retirement System find that 8,279 state workers, city, and county employees, teachers and other public employees filed for retirement in 2011, PERS agency spokesman David Crosley said.
That compares with the annual average of 5,729 workers who retired between 2007 and 2010 and amounts to the most public retirements since 2003, when PERS reform efforts prompted more than 12,500 public employees to retire.
Part of the increase in retirements can be chalked up to simple demographics, Crosley said. Baby Boomers are hitting retirement age, and more will be leaving public service every year.
Read more at StatesmanJournal.com.