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Andhravodu Side Hero Username: Andhravodu Post Number: 3057 Registered: 07-2015 Posted From: 69.62.241.11 Rating: N/A |
Oregon's pension system owes billions of dollars more to retirees than it has, and the last major attempt to fix the problem was shot down in courts We're beyond crisis, Katy Durant, chair of the Oregon Investment Council, said in an interview after last week's meeting. "We should have been addressing this 20 years ago and it's just been building. It's a little bit like a Ponzi scheme. Sooner or later it's going to catch up with you" Remaining pension reforms would also mean cutting pay and retirement benefits for current state workers - which would alienate Democratic benefactors in Oregon's public employee unions. Kotek and Brown are both backing a controversial, union-backed proposed tax increase on large corporations on the fall ballot. Measure 97 would raise $3 billion a year by taxing 2.5 percent of certain corporations sales over $25 million. But Brown also said that revenue should be spent as supporters have promised: to beef up spending on schools and social services. http://imgur.com/t/eli_manning/5GvVXeT | ||
Andhravodu Side Hero Username: Andhravodu Post Number: 3056 Registered: 07-2015 Posted From: 69.62.241.11 Rating: N/A |
http://registerguard.com/rg/news/34820066-76/oregon-official s-face-truth-behind-states-soaring-public-pension-costs.html .csp http://imgur.com/t/eli_manning/5GvVXeT |