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Dean Kirkland

Oregon PERS Information

http://persinfo.blogspot.com/

Located in Lake Oswego

Last update: November 21st, 2017 at 02:15 pm

ping: http://ignoregon.com/ping/991

1348 post clicks in the past 90 days

Musings from too close to the crypt. Random thoughts, valentines, and vitriol from an aging and increasingly cranky boomer who's tired of the public flogging he's taken as an Oregon Public Employee and now as a retired public employee drawing his PERS pension. To people who think I'm getting more than I deserve - bite me! I earned every penny. Please read the notes below before posting comments, or emailing me. They are important!!!

If I were a paranoid person, I might be putting on my tin foil hat about now as I ponder two things “hanging” out there with PERS.  The first is a curious email I received about 10 days ago concerning Residency Recertification.  Others received a similar email, but so far as I can tell, a large swathe of others did no

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I’m getting lots of emails from members eligible to retire, but undecided.  The primary issue is related to whether the change to the assumed rate and the mortality tables will adversely affect members in the near term.  The short answer is that any change to the assumed rate has an impact on not-yet-retired members who

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It has been nearly two months since I posted the last entry.  Truthfully, nothing much of substance has happened, although the various newspapers around the state, the various anti-public employee organizations (e.g. OSBA, OBA, PBA) are still running around with their hair on fire about the “PERS Problem”.  Even natio

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After all the stürm und drang of the Legislature, the final piece of next year’s puzzle has fallen into place.  The PERS Board today adopted its new assumed rate for the 2018-2019 calendar years.  The Board spent very little time debating between the extremes of 7.1% recommended by the OIC and its consultant, and the s

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The 2017 Legislative session began with a bang, and goes out with a whimper.  PERS reform was on everyone’s mind as the session began, and we saw at least a dozen bills and amendments that attempted to “reform” PERS.  But, from the very beginning, the Democrats made clear that without corporate tax reform, they were

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All the big players in Cowtown have weighed in on what is necessary to reach sine die this legislative session.  The outside players - the unions, the various business alliances, the school boards associations, lobbyists for tobacco, liquor, mountain oysters, etc - have made their wishes known (or their demands) and what

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As this legislative session has dragged on for what feels like an eternity, we seem no closer to any answers than we had when the session started in February.  The words I’m hearing from Salem suggest that the Ds and the Rs are at an impasse over revenue measures,  with the Ds proposing a gross receipts tax that House D

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While last week’s post was a bit dour, this week’s is less so.  Tuesday’s revenue forecast contained mostly good news, but not quite in the way I expected it.  Because of my own confusion about how the revenue forecast(s) [note the plural] work, I underestimated the power of forecasting to turn two different forecas

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PERS members are coming down to the Wire (bad joke for some).  Nothing of substance has moved in Joint Ways and Means, but broad hints have been dropped about what might await those members near and far from retirement.  The two main areas are for members to pay more for their retirement benefits (redirecting the 6%) and

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I have to confess that the title of this Flying Burrito Brothers album jumped into my head after seeing a color news photo of the Capitol Building in Salem with its gilded statue on top.  It also reminded me of the line from an old Gilbert and Sullivan operetta “nothing is ever as it seems”, or its modern incarnation a

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This post is not likely to make very many people happy with me.  But, I have to say that after watching yesterday’s public hearing on SB 560, I can say that PERS members (except two) did themselves in.  They allowed themselves to become victims by total apathy and disinterest.  The blame is shared with others, but I re

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Did you ever feel like you are falling into an abyss with no bottom?  If you haven’t, then you aren’t a still-not-retired PERS member.  Today brought the latest salvo from a malign, myopic, and malignant group of Republican frat boys in the Senate  who have wet dreams just thinking about ways to screw all PERS member

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After more than 10 weeks in session, two PERS bills are scheduled for Work Sessions.  These bills are SB 559 and SB 560, both of which have been discussed a number of times in the posts below.  SB 559 is a relatively straightforward bill that attempts to stretch the computational period for Final Average Salary (FAS) from

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It was time.  Today I changed the theme of the blog to a more modern look.  I’m still tinkering, trying to get all the various widgets where I’d like them.  So far as I can tell, everything that is supposed to be here is here, but it may take people awhile to get used to the new format.  Let me know in the comments

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Just a quick bit of news today.  In a tersely worded email to members of the Senate Workforce Committee, PERS Executive Director Steve Rodeman and PERS Consulting Actuary Matt Larrabee told the Committee that they were "sick and tired of answering the same questions over and over again from ill-prepared Committee memb

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Well, here we are two full months into the legislative session with not a single PERS bill having gotten a work session yet in a committee.  Most of the action is taking place in the Senate Workforce Committee, where Senator Kathleen Taylor has been running a very tight ship.  There have been four or five information sess

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Just a quick post to note that SB 560 (a cornucopia of crap) and SB 913 (another capsule of crap, slightly different from SB 560) will have their first public hearing on Wednesday March 15 at 3 p.m. before the Senate Workforce Committee.  These two bills together contain an obnoxious amount of damage for potential PERS ret

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This is just a quick note to alert affected PERS members that SB 913 has dropped.  This bill, introduced by one of the dynamic trio (Moe, Curly, and Larry)  of Central and Eastern Oregon legislators, attempts to throw just about everything against the wall to see what sticks.  In addition to duplicating HB 3013 on the as

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There seems to be some confusion about the recent spate of posts about proposed changes to PERS.  To gentle the minds of those already retired, none of these bills propose to do anything to anyone already retired, or to anyone retiring before any of these bills are enacted (if at all).  So those of you already retired can

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Warren Zevon always had an excellent ear for music, irony, and social commentary.  Zevon’s observation fits perfectly with today’s referral of House Bill 3013 to the House Business and Labor Committee, which motivates this post.  Much of the content has already been included in emails to the bill's chief sponsor, Rep

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Leave it to the Rs in the Oregon Legislature to come up with a do nothing, save nothing bill concerning PERS.  In a particularly mean mood, SB 791 was introduced yesterday.  The bill effectively ends the current 1039 hour per calendar year post-retirement work limit for PERS retirees.  Instead, the bill requires an emplo

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Leave it to the group Was/Was_Not to write my blog title for me today.    Today, my post is about Senator Betsy Johnson’s(DINO, Scappoose) fixation and preoccupation with “inactive” PERS members.  In several hearings before the Senate Workforce Committee, where Johnson has insinuated herself as a non-voting, but vo

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Rumors of my demise, my death, my apathy have been greatly exaggerated since my last update in August 2016.  Fact is, nothing I said in August was ever superseded by later or more informative news, and so I’ve had little to say publicly about PERS (I’ve said lots on the private forum, Pers Oregon Discussion, see link o

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It’s that time of year again when the Oregonian and other newspapers around the state start the “hair on fire” routine about PERS.  It seems this is a biennial event occurring with remarkable regularity in even-numbered years prior to the November elections and the upcoming biennial legislative slugfest that takes p

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Nothing, bupkis, nada.  PERS continues to be the medias’ bogeyman, and the local government employers keep crying doom and gloom over rate increases proposed for the 2017 biennium.  But they’ve been doing this since the late 1990s, so nothing really has changed.  PERS hasn’t been a big issue in the run up to the No

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PERS has posted the 2016 COLA for all the different retiree cohorts.  This COLA will be payable on July 1, 2016 and receivable with the payment posted on August 1, 2016 (PERS always pays in arrears).  The actual CPI-U change for 2015 was 1.23%, but because of COLA banks available for all members who retired prior to 2013,

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Just a quick post to thank all of the readers for their tremendous support of my efforts to keep you informed about PERS happenings.  Through your readership, your purchases through my Amazon link, your donations through PayPal, I never cease to be amazed at how valuable you think my thoughts are.  YOU all keep me going.

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Now that the end is nigh for the latest dustup in Salem (next week sometime), PERS members have escaped another session without any further attempts to lower future PERS benefits.  But, this is probably not cause for any celebration.  Unfortunately, the mad-at-PERS set will almost certainly set their sights on either the

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As they like to say on Marketplace, it was another wild week on Wall Street. Up days, down days, spinning half mad days. Generally not terribly helpful to those dependent on the vicissitudes of the stock market. On the other hand, we now know that 2016 official COLA will be between 1.1 and 1.2%, depending on the rounding

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(RIP David Bowie).  A quick note to those still waiting for the COLA adjustments to be implemented.  I’ve just learned that the cohort scheduled for January restoration has been pushed back to February.  The major reason for this is that these calculations have proven to be a bit more complicated than first imagined, a

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