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

5 ways successful people kickstart the day

The Latest
Thursday, April 02, 2015
coffeethumbBY JACOB PALMER | DIGITAL NEWS EDITOR

Are mornings the most productive part of the day?  We ask five successful executives how they get off to a good start.


Read more...

Epitaph for a Boondoggle

April 2015
Friday, March 27, 2015
BY JOE CORTRIGHT

The CRC is a cautionary tale about how we plan for, finance and invest in transportation infrastructure.


Read more...

Picture This

May 2015
Monday, April 27, 2015
BY JACOB PALMER

As a general rule, the more people with autism can be provided with visual cues, the better they will be able to understand and manage their environment. It’s a lesson Tom Keating learned well. The 61-year-old Eugene grant writer spent 31 years taking care of his autistic brother James, and in the late 1980s developed a spreadsheet that created a series of nonsense characters that grew or shrank depending on how much money James had in his account. 


Read more...

Downtime with the director of Barley's Angels

May 2015
Monday, April 27, 2015
BY JACOB PALMER

Live, Work, Play with Christine Jump.


Read more...

European Vacation

Guest Blog
Thursday, April 23, 2015
norristhumbBY JASON NORRIS | GUEST BLOGGER

There are winners and losers with a strengthening U.S. dollar.


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...

Celestial Eats

May 2015
Monday, April 27, 2015
BY JACOB PALMER AND EILEEN GARVIN

A power lunch at Solstice Wood Fire Cafe & Bar.


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