by In the news Thursday, October 4. 2012
by Eric Shierman
"A remarkable amount of Oregon pundits and policymakers were caught off guard by the devastating announcement by the PERS board of a whopping 45% increase in state and local government employers’ required contribution to PERS to maintain promised benefits. Heads got scratched, wondering what the supposed 2003 reforms had actually accomplished, given the fact so many people thought the fiscal time bomb had been defused. Not Tom Cox, the Republican nominee for Oregon State Treasurer who has proactively made comprehensive PERS reform the centerpiece of his campaign when many thought the issue too esoteric for voters, too complicated for today’s political dialogue, and too controversial for a blue state like Oregon."
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