Please don't post your comments more than once. I moderate all comments and a delay between posting and appearing is part of the drill here. I get to all comments in due time. Please don't continually repost the same comment. Only one will be posted. Thank you.
Monday, July 16, 2007
There are some who are very suspicious of PERS' actions and motives for doing this. I would be derilect if I were not to acknowledge the downside of the PERS decision. It could be that PERS is doing this to look like a good citizen before going before Judge Kantor on August 16. If they had just let another COLA go unpaid, they could be subject to all kinds of repercussions from Judge Kantor. This may be nothing more than another attempt by PERS to distract attention from what they are really doing. At this point in the game, I wouldn't put this past them. On the other hand, PERS has admitted in its staff memo that COLAs are automatic UNLESS there is an exclusion list, which has been what all window retirees have been on since 7/1/2003. If COLAs are automatic and all it takes is a "no exclusion" switch in their RIMS system, it will make it much harder for PERS to claim hardship if the court orders restoration of all past COLAs. So, even if PERS is just playing legal games, this could come back to bite them. Too bad, so sad. (And BTW Curtis, I agree with you. Arken/Robinson is the catalyst that makes everything else happen. It deserves more credit than I gave it above. The COLA resumption is driven by Arken/Robinson, not the reverse.)