Thursday, April 21, 2005

Shaking the Tree

PERS has updated information on how retirement benefits will be estimated for the period prior to the final ruling on the City of Eugene case. You can read this on the PERS website. As you will see, PERS is taking an extremely conservative approach to estimating benefits for the near term. Of course, others might disagree and think that PERS is shaking the tree a bit too vigorously and with a bit more confidence than may be justified at this point. Only time will tell. On the upside, if Lipscomb is overturned, recent retirees won't owe PERS any money.

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