City Club of Central Oregon – February 2018

City Club of Central Oregon February forum: PERS SNATCHERS

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?

The Center Foundation Player of the Game: Hailee Neibauer

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.

The Center Foundation Player of the Game: Brian Warinner

Handling the ball against the press, driving to the hoop to score several of his game-high 21 points, and sinking key free throws down the stretch, Brian Warinner led a strong team effort to help visiting Bend Senior High hand Mountain View its first loss of the Intermountain Conference season, a 73-62 triumph Friday evening.

For his efforts, the junior forward earned The Center Foundation Player of the Game honors for the second time this season.