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Friday, July 20, 2007
Our Time Now
While this is a useful beginning, it is important to not be lulled into complacency. According to the Strunk ruling from the Oregon Supreme Court, PERS has no right to collect anything from retirees for they are receiving a legislatively defined "fixed benefit" that doesn't contain errors. No errors, no collection. And even more significant is that PERS has no legal right to withhold COLAs from any retiree receiving monthly benefits. Thus, today's action takes care of 2007, but still leaves 2003, 2004, 2005, and 2006 as outstanding obligations. If you run my calculator (see left - SartainLipcomb files), you'll see how much PERS really owes you, contrasted with how much PERS thinks you owe them.
So, be happy you're getting something above your currently frozen benefit, but don't forget to keep your eyes on the prize.