Is Oregon’s Pension Promise Broken? Can it be fixed?
Oregon has sought to attract and retain the best and brightest public employees by promising fixed rates of return on pensions within the Public Employee Retirement System (PERS). Oregon originally failed, however, to adequately fund those promises. Accordingly, the Legislature reduced pensions in 2003. But when the stock market crashed, public employers still had to make up the difference. This situation begs the following questions:
- Is PERS broken? If so, can it be fixed without breaking promises to employees?
- How is PERS impacting other programs?
- If pensions are reduced or privatized, will Oregon need to increase wages to attract and retain quality employees?
- What are the alternatives to the current system?
- What legal, economic, and political obstacles exist to those alternatives?
- Who gets to decide, and how do we hold them accountable?
- Should Oregon retire its public retirement program, as we know it?
In this week’s Great Outdoors, Brian Jennings takes us on a special ride through the woods with some help from four-legged friends.
Thank you Rachael and Nick at Oregon Trail of Dreams. The organization also has an adoption program for their dogs. When a dog reaches eight years of age, they become eligible for adoption and you can contact the Oregon Trail of Dreams for further information.
A special thanks to our Great Outdoors sponsor, Parr Lumber, for giving us the time and resources to explore the lakes, rivers and mountains across our beautiful state every Wednesday night.
What are you doing this weekend? We hit the road to explore this amazing state that we call home.
A visit to the Oregon Coast can mean walking along the beach, building sand castles or whale watching, but for some folks, it can mean improving your skills in the kitchen. In this week’s Destination Oregon, Dave Jones takes us to the Lincoln City Culinary Center.
Thanks to the folks at Lincoln City Culinary Center for showing us around. Join us every Thursday night for another new edition of Destination Oregon where we take you to some of the most beautiful and interesting locations around our state.
Leading a balanced offensive attack, Hailee Neibauer scored 14 points to lead visiting Summit to a key 50-38 triumph over Mountain View in a girls’ varsity Intermountain Conference clash Tuesday evening. With the victory, the Storm retain a viable opportunity to secure the league’s third post-season spot.
For her efforts, the senior forward earned The Center Foundation Player of the Game honors.