OHSU wants to cut PERS contributions

OHSU wants to cut PERS contributions

Oregon Health & Science University has proposed to stop paying its employees' 6% contribution to the Oregon Public Employees Retirement Fund.

The proposal is part of an offer OHSU made this week in collective bargaining with unions. And it highlights what many see as the most expedient and legally defensible way for public employers in Oregon to cut their ballooning costs to fund workers' retirement benefits.

PERS costs are reaching crisis levels for many public employers. Systemwide, employer contribution doubled last July, taking a $1.1 billion bite out of public budgets already wracked by the recession.

Read more at OregonLive.com.

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