Wednesday, April 27, 2005

Dancing in the Dark

That's where we will remain for at least another week. No decision forthcoming tomorrow in the City of Eugene (Lipscomb) case. The wake continues.

On an unrelated topic, there seems to be some confusion about what PERS is going to do for those members who retire between April 1 and the time that the Supreme Court finally releases its long-awaited decision in the City of Eugene case. Go over to the PERS site - see link to the site here (left, under "Links") and look closely at the document under Agency News entitled "Estimated Payments". This is the way PERS will calculate your benefits. There is nothing ambiguous about the document. It was presented to the PERS Board on 4/15 and there were no objections to this methodology. It is a fait accompli until a decision in Lipscomb is issued. Once the Supreme Court rules in City of Eugene (Lipscomb), the methodology will or won't change depending on how the Court rules.

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