Oregon PERS: Risky pension obligation bonds tempting (The Oregonian)

December 17, 2012 – Towns, school boards and agencies are scrambling to forestall more layoffs, furloughs and service cuts next year as they face a 45 percent spike in costs to bail out Oregon’s underfunded public pension system.  Gov. John Kitzhaber is pursuing the fiscal discipline route, proposing cuts to the Public Employees Retirement System to offset the extra $900 million in employer charges slated to kick in July 1. There’s no assurance, however, those fixes will make it past reluctant lawmakers or be deemed legal when challenged by PERS members.

Link to Full Article: http://www.oregonlive.com/politics/index.ssf/2012/12/oregon_pers_risky_pension_obli.html#incart_river

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