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.
Friday, September 04, 2009
PERS has made a mockery of the entire judicial process asserting in almost every piece of litigation filed in the past 9 years that either (a) whatever they were being asked to do would "jeopardize the tax-exempt status of the plan", or (b) that it would be too costly to implement the changes. Never once have they every provided an ounce of actual evidence that either was true, but they continue to use our money to assert this as fact without support. Instead of this continuing battle of wills over PERS' assertions, it seems to me that PERS could save a lot of our money to seek a private IRS ruling about exactly what the plan can and can't do in these kinds of cases. Bravo to the judges who had the courage to call PERS' bluff and send them back to their hidey-holes to work out new lame excuses on which to impale members. Litigation against PERS is like a game of rope-a-dope with a dope ball. It is tiresome and time to stop.
Have a safe and sane holiday weekend. Drive carefully and don't become a statistic out on the mean streets of Oregon.