Credit Where It’s Due – The Oregonian Publishes A PERS Primer

Posted on November 27, 2011 by

0


We wanted to bring the readers’ attention to a solid article posted by Jeff Mapes in The Oregonian that briefly covers the history of PERS, and why it’s currently in deep, deep trouble.

The article gives a good, basic overview of Tier I and Tier II public employees, and where the burdens lie for the taxpayer.

It’s also a cautionary tale for any legislator who may be approached by a public sector union trying to sell a benefits increase on the promise that it’s “no cost”, and / or on the promise that we’ll never see a recession that will cause the system to fail.

 

 

 

Advertisements