Ferrioli Says PERS Reform Attempts Must Continue

Oregon Senate Minority Leader Ted Ferrioli says legislators have to try again to make reforms to the state’s Public Employees Retirement System, but adds that probably should happen during next year’s legislative session.  Ferrioli thinks the state can’t afford for the Oregon Supreme Court ruling that the 2013 cuts to public employee retirement benefits are unconstitutional to be the end of PERS reform.  The John Day Republican believes while PERS premiums will not spike immediately, the cliff is coming and he wants to bring together the state’s best and brightest budget, economic, and legal scholars to look at the decision.  Justices ruled the Legislature cannot retroactively scale back an annual inflation increase of up to two percent.

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