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Dean Kirkland

Oregon PERS Information

http://persinfo.blogspot.com/

Located in Lake Oswego

Last update: July 3rd, 2016 at 11:02 am

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 really quite tired of the public flogging he's taken as an Oregon Public Employee and now as a retired public employee drawing his well-deserved PERS pension. To people who think I'm getting more than I deserve - bite me! If you think I'll go quietly when PERS tries to get money back from me, think "they'll have to pry it from my cold dead hands".

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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- Posted using BlogPress from my iPad

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This is a short post aimed primarily at a small group of OUS faculty.  Many of us taught for OUS in the period when OUS created its separate retirement plan called the “Optional Retirement Plan” (ORP) in 1995.  Faculty already in PERS had a one-time, irrevocable option in 1995, to cease further contributions to PERS a

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With some encouragement, PERS has finally posted both an example of the impact of the actuarial changes, and the actual tables spelling out in detail the new Actuarial Equivalency Factors.  These new tables, effective 1/1/16 for all retirements taking place on or after 1/1/16 account for two new changes.  First, they acco

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PERS is humming along these days, fixing up the COLA fiasco for those of us who retired before October 1, 2013.  If you happen to have a PERS online account (PERS’ OIS system) - and I highly recommend you having one - you can check where your account is in the processing of back COLA adjustments.  If you log into your a

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Those of you contemplating retiring between now and December 1, 2015, and those who have to stay past December 1, 2015 may find yourselves asking the same question.  At some point you will need to  know how the new Actuarial Equivalency Factors(AEF) come into play with your retirement.  The new AEF tables will be availab

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At the request of a reader, I am reprinting a July 27, 2012 post in its entirety.  I’m not bragging, but this post anticipated everything that has happened since 2012 and seems eerily prescient in hindsight.  It traces the origins of many of the things that have happened since 2012 to the present in a long, but relative

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Times continue to get tougher for PERS members, especially those within a couple of years of retirement.  First, the change to the COLA for work past October 1, 2013.  The next shoe dropped last Friday with the cut to the assumed rate.  The new rate, effective January 1, 2016 will be 7.5%.  This affects Tier 1 members,

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The rule-making process for implementing the Moro decision (COLA case) is beginning to unfold.  The PERS staff, and hopefully the PERS Board, are trying to make sense of the Legislature’s 2013 cluster-f**k with the COLA.  The PERS staff has been studying ways to implement the second piece of the COLA restoration project

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Many people were confused when PERS posted its explanation of how the lost COLA will be restored to retiree accounts.  It always seemed to me that something was missing, yet was obvious.  After many questions addressed to me and to others over on our PERS Discussion Group, I decided that I would go to the source - PERS -

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A stellar team of POD regulars have put together a grand lunch buffet on Thursday June 18 to celebrate our great victory at the Oregon Supreme Court. Celebrants are welcome to come early and stay late. Tickets for the buffet will be $26.15 plus the opportunity to buy tickets for prepaid beer and wine . There also will be a

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There is considerable debate about what PERS is going to do, might do, or absolutely will not do when the COLA comes due this July 1, 2015.  Rest assured, my friends, that nothing is set yet.  We know that PERS will pay 2% COLA to all retirees, but it is not yet known, and won’t be known for a few weeks whether the 2% w

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Lots and lots of questions, both relevant and irrelevant, about how the Supreme Court’s decision will be implemented by PERS and when.  Let me say that the ink is barely dry on the decision and so it is a bit premature to begin to speculate with too much specificity how the ruling will be implemented, and when.  We do k

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In a unanimous decision, written by Chief Justice Balmer, the Oregon Supreme Court today declared the COLA modifications embodied in SB 822 and SB 861 of the 2013 Legislature UNCONSTITUTIONAL for worked performed prior to May 6, 2013 and October 9, 2013.  This means that if you retired on May 1, 2013 or anytime earlier, th

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According to the Department of Justice website, the Oregon Supreme Court will release its decision in the Moro et al v. State of Oregon case tomorrow at 10 a.m..  For those who don’t pay attention to court titles, that is the case we’ve all been waiting to hear about.  This is the case pertaining to the Legislative mo

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Not a heck of lot going on in PERSland, but I thought I’d write a brief post to do two things:  to let people know I’m still alive, and to let future retirees know that the PERS Board has tipped its hand that the assumed interest rate may be changing again.  At the most recent Board meeting (3/30/15), the actuarial as

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Welcome to 2015, goodbye to 2014.  The new year promises to be interesting for PERS retirees.  Hopefully the interest will be positive, not negative.  Early next month the Legislature convenes for its biennial long session, the one where bad things happen to PERS members and retirees.   So far, nothing bad has been prop

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PERS news has been nearly non-existent for awhile now.  Following the Supreme Court hearing on the Moro et al cases the MSM has gone fairly quiet.  The November election brought about a few changes in the composition of the Legislature, but nothing that should be too concerning.  Most of the Rs running against the Ds got

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Just back from traveling for almost a month.  By the time I arrived home I had at least three phone calls from friends and acquaintances from the PERS Wars who had attending today’s hearings.  We all know enough about the litigation process not to read too much into anything the court says or does in these situations.

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Tomorrow, in Salem, the Oregon Supreme Court will finally take oral arguments in the four consolidated cases contesting the legislative changes to the retiree COLA and the "income tax remedy" for retirees living outside the state of Oregon and not subject to Oregon income tax. Expect a decision in four to six mon

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We are less than one month away from the official start of “silly season” - the date where serious campaigning for the November elections begins in earnest.  As PERS retirees, we face a series of choices ranging from bad to awful, coupled with a few other nasty ingredients to make our lives an uncertain hell.In the nea

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School is out and everyone seems to be on vacation (though looking outside, I keep wondering if summer will actually show up on schedule).  This means that for PERS retirees and near retirees, nothing much is happening, which is why this site has been so quiet for two months.  The only emails I’m getting these days are

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The Special Master hearings in the Moro et al consolidated cases (SB 822 and SB 861) are due to conclude today, if they haven’t already.  As a result of circumstances beyond my control (taxes, travel, crises), I wasn’t able to attend any of the hearings; however all of the pleadings, briefs, and responses are posted on

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In the past 6 months, conservative think tanks have been filling the inter webs with studies of public employee pensions.  These studies, intended to inflame legislators and the public, have had varying effects.  One group, the Arnold Foundation, has funded research and funded documentaries on PBS, has attacked the very f

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I ran across this report the other day.  I thought I’d share it as it outlines how two groups have gotten into the public employee pension scrum across the country and they are trying to undo all of the progress made in gaining decent pensions for all public employees.  Don’t be foolish enough to charge the author wit

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