PERS still feeling recession pains

| Print |  Email
Must Reads
Monday, January 30, 2012

Oregon PERS 2011 earnings report showed that the state is still feeling the effects of the recession.

The Oregon PERS investment fund earned an anemic 2.2 percent in calendar year 2011, far below the system's 8 percent earnings target.
Because of this, public employers' PERS rates likely will increase by 33 percent on average, according to figures an actuarial consultant gave the agency's board Friday.
That's going to put a real hurt on cities, counties and school districts that have been doing their best to deal with shrinking revenues.

Read more at The Statesman Journal.

{biztweet}pers oregon{/biztweet}

 

Comments   

 
rdr
0 #1 How do we stop this madnessrdr 2012-01-30 11:27:48
8% is not going to happen on any consistent basis, so public and school district bankruptcies may be only way to stop this madness if the recipients of this absurd (and essentially corrupt) legacy deal remain alive in large numbers.
Quote | Report to administrator
 

More Articles

Oregon Business expands events portfolio

The Latest
Friday, March 27, 2015
htctfacebookBY OB STAFF

New events series brings magazine to life.


Read more...

Banking Perspective

April 2015
Thursday, March 26, 2015
BY KIM MOORE

A conversation with Craig Wanichek, president and CEO of Summit Bank.


Read more...

Car Talk

April 2015
Thursday, March 26, 2015
BY LINDA BAKER

Everyone knows cell phones and driving are a lethal combination. The risk is especially high for teenage drivers, whose delusions of immortality pose such a threat to us all. Enforcement alas, remains feeble; more promising are pedagogical approaches aimed at getting people to focus on the road, not their devices.


Read more...

Beyond Bodegas

April 2015
Friday, March 27, 2015
BY JACOB PALMER

Five years in the making, the Portland Mercado — the city’s first Latino public market — will celebrate its grand opening April 11. A $3.5 million public-private partnership spearheaded by Hacienda CDC, the market will house 15 to 20 businesses in the food, retail and service sectors. It has some big-name funders, including the Paul G. Allen Family Foundation and JPMorgan Chase. The project goals are equally ambitious: to improve cross-cultural understanding, alleviate poverty and spur community economic development. 


Read more...

5 questions about the FLIR FX

The Latest
Wednesday, April 08, 2015
FLIR-FX-IndoorBY JACOB PALMER | DIGITAL NEWS EDITOR

The Wilsonville-based company is targeting GoPro enthusiasts with its latest release. Is spy gear poised to go mainstream?


Read more...

Are wolves good for business?

Contributed Blogs
Friday, March 06, 2015
030615-wolf-thumbBY JEFF DELKIN | OP-ED CONTRIBUTOR

As a local business owner, I believe it’s important to build our economy on a platform of conservation values.  


Read more...

Letting Go

April 2015
Friday, March 27, 2015
BY AMY MILSHTEIN

As baby boomers sell their businesses, too many forget the all-important succession plan.


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