Here's One Small Oregon Pension Fix That Could Actually Be A Win-Win

  • Source: Oregon Public Broadcasting
  • Published: 12/05/2018 07:50 AM

Grappling with Oregon’s $22 billion public pension debt has always involved difficult tradeoffs — such as cutting pensions or pouring more tax money into shoring up the system. But a former union leader and an eastern Oregon school official are working on an idea they say could actually be a win-win for both workers and taxpayers. It’s far from a cure-all. But officials have long said there’s no single solution to the financial problems of the Public Employees Retirement System, often known as PERS. “This is a concept that we’re kind of excited about,” said Mark Mulvihill, superintendent of the InterMountain Education Service District in Pendleton, “and it’s gaining a little bit of momentum because of its pragmatism.” Mulvihill and Tim Nesbitt – the former Oregon AFL-CIO president who is now a consultant for the Oregon Business Council – presented their proposal at the Oregon Leadership Summit on Monday.


We welcome comments from registered users. Comments are solely the responsibility of those who post them; their viewpoints are not endorsed by the Daily Dispatch and (read more)
ship name
no comments have been added

Sign up to subscribe to custom state Daily Dispatch emails for free

click to subscribe