This is just a quick note to alert affected PERS members that SB 913 has dropped. This bill, introduced by one of the dynamic trio (Moe, Curly, and Larry) of Central and Eastern Oregon legislators, attempts to throw just about everything against the wall to see what sticks. In addition to duplicating HB 3013 on the assumed interest rate, this bill goes after issues related to vesting and inactive membership, and just to put the icing on the cake, makes some changes to OUS Optional Retirement Plan that makes sure that the pain is shared amongst all eligible public employees. I haven’t had time to analyze this bill closely. I’ve read it briefly, and the Warren Zevon line: “…send lawyers, guns and money, the shit has hit the fan” is apt once again. Warren anticipated just about every circumstance (except for Send in the Freaks, which is a Was/Was Not epistle). All I can say to people is that most of the cards are out on the table. If you stay voluntarily past April 1, 2017, you are taking a chance. Don’t say you haven’t been warned. The Rs in the Legislature are doing a full-court press on the Ds, and the Ds don’t have the votes to override a Governor’s veto. So, be afraid, very afraid. (There is some confusion over this statement. Consider this primarily in the context that the Ds also don’t have enough votes to pass any revenue measure without Republican support, and the quid pro quo for that support might be support for a or some PERS measures. Hence, the problem with a Governor veto). For those of you stuck past April 1, 2017, you have my sympathy, and hope that you will work really hard to help the Legislature understand that Ballot Measure 5 (1990) is the REAL ENEMY here, having given citizens one of the highest personal income taxes in the nation, a mediocre property tax, and businesses a nearly 30-year holiday against paying their own way in this state. I’m hoping that our rough god does his work on Don McIntire (already deceased) and Bill Sizemore (one can hope), for gifting this state with the biggest, smelliest turd ever. I pray nightly that their souls will burn in hell for eternity. They’ve given Oregon the gift that keeps on taking and taking and taking.
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