Monday, October 13, 2014

Pressure eases on PERS costs but impact uncertain

Statesman Journal
October 1st, 2014

Local governments are starting to relax when they look at their bills from the Public Employees Retirement System. After five years of steadily climbing costs, PERS is becoming cheaper or at least not much more expensive.
Those costs have made the people who run local governments and school districts squirm and pull out their calculators for half a decade. Every year, PERS became more expensive.
Finally, this year, it didn't, as the PERS board released new employer contribution rates on Friday.
The State of Oregon and Marion County will both pay a little bit more in 2015 but not so much they will have to make cuts or change their plans for next year's budget.
Salem-Keizer School District will save about $6 million, about 3 percent of its payroll costs.

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