You know you are in a world of hurt when the lead witness in the testimony in favor of the full blown red herring bill called SB 857 is the robber in Chief for Oregon, John "who used to be a 'do no harm' physician" Kitzrobber. The bill began its life last week as a proposal to form an nterim committee to study potential PERS reform. By this morning, the cat had escaped from the bag and the lovelies who represent Oregonians, acting complicitly with the Guv had cobbled together 4 amendments to the original bill. The dash 3 amendment removes all the language inthe original SB 857 (the gutting) and replaces it with changes to the COLA adjustments to SB 822, adopted about 7 weeks ago. This bill imposes only 2 levels of COLA and screws everyone just a little bit more. It changes the COLA max from 2% to 1.25% (for everyone up to $60k) and 0.15%for amounts greater than $60k.
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