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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.

Monday, October 21, 2013

Where's Waldo?

I've been getting a fair number of emails about the absence of new posts on the blog.  There is nothing afoot; the blog remains active.  There is just nothing of note to report right now, and we do much of our traveling for long periods of time in the fall for this very (partial) reason.  Things will pick up again after the PERS Board meeting in November, when the new actuarial tables are reported out by the actuary for implementation on January 1.  From what little I know, the new tables will alter the current tables so that benefit calculations will be between 1.5% and 3.5% lower than they would under the current tables.  Part of this is due to the lowering of the assumed rate from 8% to 7.75%; the rest is due to changing mortality rates - people are, in general, living a bit longer except for the problematic low income group.  So figure that between the lowering of the assumed rate and the changing mortality, you'd have to work about 3 months longer under the new tables to get the same benefit you'd receive under the current tables.

Finally, in one other note, the Oregon Supreme Court, has rejected the Central Oregon Irrigation District's petition for appointing pro tem judges to hear the SB 822 and (probably) the SB 861 cases.  The court argued that the Legislature commanded the OSC to hear the cases and that the "rule of necessity" requires that they do so, even though they may have a perceived conflict of interest.  

Waldo will write again when something of the moment arises.  In the meantime, enjoy this utterly glorious Fall weather.  It is intoxicatingly beautiful.  The PERS cases won't be heard until next year at the earliest (possibly October 2014), with a Special Master still a remote possibility.

6 comments:

Douglas Cook said...

I do hope they realize that a great part of the public employees are women who are not terribly well paid. The tables should reflect that fact.

mrfearless47 said...

Doug. Please don't repost your message repeatedly. I moderate all posts and I get to them when I can. As it happens I am 40,000 feet above sea level cruising south for a short family visit.

Unknown said...

I read that has special master has been appointed and is already involved...right..?

Unknown said...

I have been checking the Hartman lawfirm website and it appears a special master has already been appointed and is active....

mrfearless47 said...

It does appear that the Oregon Supreme Court has appointed Multnomah County Circuit Court Judge to serve as the Special Master in cases involving at least SB 822. I presume he will also be involved in the SB 861 cases if they are filed separately. Either way, this insures that a complete factual and legal history for the Oregon PERS retiree COLA will be established and will form part of the array of documents the court will use to form its final opinion on the legality of the 2013 actions on the COLA and the SB 656 (1991) benefit adjustment following both the Hughes case and its federal antecedent Davis v Michigan.

mrfearless47 said...

Stephen Bushong is the Special Master. Sorry for skipping that in my previous response.

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