Home Must Reads PERS still feeling recession pains

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

Semiconductor purgatory

News
Monday, October 06, 2014
roundup-logo-thumb-14BY LINDA BAKER | OB EDITOR

Intel's manufacturing way station; Merkley's attack dog; Diamond Foods gets into the innovation business.


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...

Two Sides of the Coin

Contributed Blogs
Friday, September 26, 2014
0926 iphone6-thumbBY JASON NORRIS | GUEST BLOGGER

This post focuses on the recent release of the new Apple iPhone as well as Alibaba's IPO, the largest U.S. IPO in history.


Read more...

The Bookseller

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

Everyone knows college is expensive, but a look at the numbers brings that into sharp — and painful — focus.


Read more...

The clean fuels opportunity

News
Monday, November 10, 2014
111014-dirtyfuel-thumbBY KIM MOORE | OB RESEARCH EDITOR

A market for low-carbon transportation fuels has a chance to flourish in Oregon if regulators adopt the second phase of the state’s Clean Fuels Program.


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...

Downtime

October 2014
Thursday, September 25, 2014
BY JESSICA RIDGWAY

I'm not very interesting,” says a modest Ray Di Carlo, CEO and executive producer of Bent Image Labs, an animation and visual effects studio.


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