· The IAP is an account balance-based benefit for all active Oregon PERS members, and is in addition to their pension benefit. Currently, 6% of their salary, whether contributed by the participant or paid by their employer, goes into their IAP. On Jan. 2, 2018, Oregon PERS members will be invested in the new IAP Target-Date Funds.
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The Oregon Legislature and Governor have approved Senate Bill 1049. While there are no immediate member impacts upon passage, the bill does include a number of changes for PERS members that will occur in the future. PERS will continue to analyze the bill and prepare for implementation. Read more.
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· SALEM, Ore. (AP) – Nine Oregon public employees have sued the state, saying their pension benefits are unfairly reduced by a new law.
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Mike McLane and Sen. Ted Ferrioli said the decision is a step backward for the state. "Once again, Oregon faces billions in unfunded PERS costs that will hurt schools, police departments and other.
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· As the 2019 oregon legislature nears the final month of its session, the biennial hair-on-fire “PERS is going to bankrupt Oregon” faeries are out in full force. The latest attempt to rein in PERS costs has cleared the first committee hurdle.
My Oregon News stories Oregonians working together to help the state thrive, and to share insights into our people, our successes, and our challenges.. oregon pers, Partners, Educate Thousands of Public Employees on Retirement and Financial Wellness. The Spotlight. October 10, 2019
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