Home Must Reads PERS benefits better than neighboring states

PERS benefits better than neighboring states

| Print |  Email
Must Reads
Tuesday, February 26, 2013

Oregon public employees get better retirement benefits and contribute much less toward them than in neighboring states, a new PSU study found.

The study has not been finalized, but the executive summary is circulating in Salem and its conclusions could add fuel to the ongoing legislative debate over the Public Employee Retirement System. Budget shortfalls are forcing lawmakers to consider new ways to rein in rapidly increasing pension costs. Gov. John Kitzhaber has proposed three pension reforms, and legislators have introduced a host of bills to tackle the problem.

Comparisons of the public employee benefits are notoriously difficult to make given the many flavors of retirement formulas, contribution policies and rules governing the treatment of unused sick leave, vacation time and overtime in benefit calculations. The PSU study attempted to hold most of the equation constant to get a reasonable basis of comparison.

Read more at OregonLive.com.

{biztweet}pers{/biztweet}

 

More Articles

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...

The short list: 5 companies making a mint off kale

The Latest
Thursday, November 20, 2014
kale-thumbnailBY OB STAFF

Farmers, grocery stores and food processors cash in on kale.


Read more...

College Conundrum

October 2014
Thursday, September 25, 2014
BY KIM MOORE

University and college tuition fees have been rising for more than a decade, while state funds for higher education have steadily declined.


Read more...

Books Rule

October 2014
Thursday, September 25, 2014
BY JON BELL

Powell's stays relevant in the digital age.


Read more...

Measure 91: What Oregon Businesses Need to Know

Contributed Blogs
Wednesday, October 15, 2014
91 thumbBY DIANE BUISMAN

Some common misconceptions employers have about marijuana.


Read more...

Woman of Steel

November/December 2014
Wednesday, October 22, 2014
BY LINDA BAKER

Tamara Lundgren tackles the challenges—without getting trampled.


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