Funding the Oregon Public Employees Retirement System (PERS) has been a challenging topic for many years. The current estimated shortfall between expected revenue and anticipated pension payments is 25 Billion dollars. That raises a lot of questions.How did we get here? What has been done within legal requirements to reduce that gap and how will the State and local governments cover the difference? What will it take to resolve the issue?
We hear the perspectives of two experts on PERS: Bill Gary, lead counsel for Oregon Local Governments and expert on the Oregon Public Employees Retirement System and Melissa Unger, Executive Director of the state chapter of Service Employees International Union (SEIU 503).
Copyright KLCC, 2018