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The only viable answer to Oregon’s pension and budget crisis is to reduce pension benefits for government workers. They enjoy more generous wages and benefits than those of comparable private-sector workers. Older government workers also earn benefits for every hour of work that are far higher than those earned by their younger peers.
California Pension Fund Faces Crisis After Shunning Guns, Tobacco (Graham Piro / free beacon) calpers Must Stop Transit Workers’ Pension Windfall (Daniel Borenstein / Mercury News) Attention, california lawmakers: oregon shows pension Reform Is Possible in a Democratic State (editorial – San Diego Union-Tribune)
However, if the governor and Legislature don’t act to insulate schools then Oregon’s pension crisis will consume a quarter of the tax hike over the next two-year budget cycle and far more in later years, according to an analysis the Oregon Business Council issued last week, based on forecasts from the state’s pension actuary.
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There was no mention of Oregon’s $22 billion long-term public pension deficit that’s sucking more money out of schools and other government budgets. Throughout the rest of the day, stemming the.
DON’T MESS WITH OUR PENSIONS: At a May 2 special meeting in Portland, Teamsters lined up to sign petitions opposing the GROW Act, a bill in Congress that its critics say would shift the risk of pension investments to workers. PORTLAND, Oregon – By 6:15 p.m., pickup trucks and cars snaked along.
Oregon Privatization Report Offers Bold Solutions to Pension Crisis Task force report lays the groundwork for a number of privatization measures that would benefit the state’s economy. By Austill Stuart and Daniel Takash January 3, 2018
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In Three Rivers, Oregon, the school board shortened the school year. As I’ve been sounding the alarm for the past two decades about South Carolina’s worsening pension funding crisis, I’ve sometimes.
Oregon PERS.jpg (Illustration by Sean McKeown-Young/For The Oregonian/OregonLive) The growing deficit in the public pension fund is a massive overhang on Oregon’s budget and its future.
Wall Street Isn’t the Answer to the Pension Crisis. Expanding Social Security Is.. Oregon’s pension fund has invested $600 million with Apollo and $850 million with Blackstone.) In February.