Home Must Reads PERS reform could save $4.3B over 20 years

PERS reform could save $4.3B over 20 years

| Print |  Email
Must Reads
Wednesday, January 30, 2013

Gov. John Kitzhaber's PERS cost-of-living plan could save $4.3 billion over 20 years.

The $59 billion PERS fund has two streams of money — one that leaves the fund and another that pours into it.

The stream that leaves the fund goes to retirees. It amounted to $3.7 billion last year.

The other stream pours into the PERS fund from public employers’ payroll offices. That is where Kitzhaber is finding his savings. Experts say the savings will total $4.3 billion over the next 20 years.

Read more at The Statesman Journal.

{biztweet}PERS reform{/biztweet}

 

Comments   

 
Guest
+1 #1 Sure!Guest 2013-01-30 19:17:28
Of course it "couold not" save $215 million a year too.
Sorry for my cynicisim but I don't think we have any idea of what is going to happen over the next 20 years; not even the next 2 years.
Quote | Report to administrator
 

More Articles

The role of higher education as K-12 underperforms

Contributed Blogs
Friday, May 30, 2014
ThumbChalkboardBY DEBRA RINGOLD | OB GUEST CONTRIBUTOR

Since 1970 the performance of our public education system has steadily deteriorated.


Read more...

OB Video: Oregon MESA

News
Thursday, June 26, 2014

ThumbOregon Business hosts an informal roundtable discussion about the Oregon MESA (Mathematics, Engineering, Science Achievement) program.


Read more...

The barber is back

June 2014
Thursday, May 29, 2014
BY MIKE GREEN

An old profession is new again.


Read more...

13 West Coast seafood species now 'sustainable'

News
Tuesday, June 03, 2014

Fishing OrBiz Fishing 0357 ADOBErgbCiting the transition to catch shares management as a key to rebuilding stocks and reducing bycatch, 13 species caught by the West Coast trawl fishery today earned designation from the Marine Stewardship Council (MSC) as sustainable.


Read more...

OB Video: Dress for Success

News
Wednesday, July 02, 2014
DFSOBY JESSICA RIDGWAY | OB WEB EDITOR

Dress for Success Oregon promotes the economic independence of disadvantaged women by providing professional attire, a network of support and career development tools.


Read more...

Creating a culture of compliance

Business tips
Thursday, June 19, 2014
DataBY MONICA ENAND | GUEST CONTRIBUTOR

Nine tips for building habits among employees to respond when needed.


Read more...

Hipsters gone wild

June 2014
Thursday, May 29, 2014
BY JON BELL

A new generation of outdoor apparel companies targets the young and the urban.


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