tag:blogger.com,1999:blog-11957094.post4198420616963103..comments2024-03-26T20:09:19.458-07:00Comments on Oregon PERS Information: Don't Think Twicemrfearless47http://www.blogger.com/profile/03454690519716783056noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-11957094.post-74535753458126244062011-03-14T13:18:28.649-07:002011-03-14T13:18:28.649-07:00My school district has just offered an incentive f...My school district has just offered an incentive for retiring on July 1. I hadn't really done my homework about PERS changes since I wasn't much thinking about retirement. Now that I am poking around, I'm alarmed! If I'm considering retirement for this year, is it wise to wait until July 1? How much danger do you think there is that Money Match will disappear?Unknownhttps://www.blogger.com/profile/16556843724108562882noreply@blogger.comtag:blogger.com,1999:blog-11957094.post-64082303150012084682011-02-20T11:52:30.434-08:002011-02-20T11:52:30.434-08:00When people are tracking bills through the state L...When people are tracking bills through the state Legislature's web site, be aware of the difference between a "hearing" and a "work session." <br /><br />Many bills get hearings. Some of them don't last long. I once testified on two bills that were listed consecutively on a committee's agenda. The two hearings together took eight minutes and neither bill was mpguyhttps://www.blogger.com/profile/05307188169871504303noreply@blogger.comtag:blogger.com,1999:blog-11957094.post-79890359523624296752011-02-19T18:28:59.183-08:002011-02-19T18:28:59.183-08:00Thanks so much for the good info and for all you d...Thanks so much for the good info and for all you do for PERS members with this forum. I will be tracking the bills and keeping my paperwork ready to go if necessary.timberbeasthttps://www.blogger.com/profile/01913512500665076619noreply@blogger.comtag:blogger.com,1999:blog-11957094.post-47309630517820588222011-02-19T18:26:37.251-08:002011-02-19T18:26:37.251-08:00Thanks so much for the info. and for all you do fo...Thanks so much for the info. and for all you do for PERS members with this forum. I will be keeping a close eye on the bills and keep my paperwork ready!timberbeasthttps://www.blogger.com/profile/01913512500665076619noreply@blogger.comtag:blogger.com,1999:blog-11957094.post-9842987349990830942011-02-19T08:46:32.707-08:002011-02-19T08:46:32.707-08:00Let me assure readers that the bill to limit pensi...Let me assure readers that the bill to limit pension to 100% of FAS has a low likelihood of even getting a hearing. There are so many contractual problems with this bill, and others that try to do the same thing, that the leadership probably won't let it come up for a hearing. They've already said that they do not want to enact *anything* that is likely to be struck down by the Oregon mrfearless47https://www.blogger.com/profile/03454690519716783056noreply@blogger.comtag:blogger.com,1999:blog-11957094.post-19645579758252465282011-02-19T08:43:26.311-08:002011-02-19T08:43:26.311-08:00@mpguy. Thanks for correcting the bill numbers. ...@mpguy. Thanks for correcting the bill numbers. I was writing from memory out in the field, but I wanted to get an answer on the blog as quickly as possible. You saved me the trouble of correcting it when I got home.<br /><br />mrfmrfearless47https://www.blogger.com/profile/03454690519716783056noreply@blogger.comtag:blogger.com,1999:blog-11957094.post-2364253498152907822011-02-18T19:25:18.474-08:002011-02-18T19:25:18.474-08:00@mrfearless47 ... 2454 is the bill that prohibits ...@mrfearless47 ... 2454 is the bill that prohibits the use of sick leave and vacation time in the calculation of FAS.<br /><br />HB 2455 is the bill that limits benefits to 100% of FAS, without the inclusion of sick leave, vacation, or other accumulated time.<br /><br />People might also keep an eye on HB 2986. This is another one of Richardson's potential mischief makers. One section of it mpguyhttps://www.blogger.com/profile/05307188169871504303noreply@blogger.comtag:blogger.com,1999:blog-11957094.post-39622292077149371442011-02-18T15:08:15.256-08:002011-02-18T15:08:15.256-08:00@Alan. The central bill is HB 2454. Whether this...@Alan. The central bill is HB 2454. Whether this is a contract violation or not would have to be determined by the Court if the bill passes. I don't see it with a high probability of passing, but it is definitely worth keeping an eye on.mrfearless47https://www.blogger.com/profile/03454690519716783056noreply@blogger.comtag:blogger.com,1999:blog-11957094.post-90626770517440729322011-02-18T10:40:34.071-08:002011-02-18T10:40:34.071-08:00Thank you. As it happens my retirement estimates ...Thank you. As it happens my retirement estimates are well below my current annual salary. Although I will have 27 or 28 years in service, I have been support staff. Office administration. Also, I was late in getting my Variable contribution up to 50%. Of course when I did it had a terrible year. Anyway, for me, it will not be hurtful to be limited to being capped at my final average salary.Jackiehttps://www.blogger.com/profile/00974530432711239349noreply@blogger.comtag:blogger.com,1999:blog-11957094.post-26223418124119051262011-02-18T06:40:10.413-08:002011-02-18T06:40:10.413-08:00Do you have a bill number to track this issue? I ...Do you have a bill number to track this issue? I can retire at any time with more than FAS under MM. Wouldn't this effecively eliminate MM and therefore be a contract violation?timberbeasthttps://www.blogger.com/profile/01913512500665076619noreply@blogger.comtag:blogger.com,1999:blog-11957094.post-11476699306713765772011-02-17T16:07:07.760-08:002011-02-17T16:07:07.760-08:00Jackie, there is no way to receive more than your ...Jackie, there is no way to receive more than your Final Average Salary EXCEPT under Money Match. That's the entire purpose of the bill. If you expect to retire under Money Match at more than your Final Average Salary, this warning was meant for people like you! You should be very concerned if this bill were to get a hearing and pass. It would cap your retirement at your FAS. Also bear inmrfearless47https://www.blogger.com/profile/03454690519716783056noreply@blogger.comtag:blogger.com,1999:blog-11957094.post-62595984391745569662011-02-17T12:50:32.419-08:002011-02-17T12:50:32.419-08:00For people retiring using the Money Match formula,...For people retiring using the Money Match formula, Final Average Salary is not part of that formula.<br /><br />Should we still be concerned?<br />JackieJackiehttps://www.blogger.com/profile/00974530432711239349noreply@blogger.comtag:blogger.com,1999:blog-11957094.post-4876076848600093362011-02-17T12:49:25.397-08:002011-02-17T12:49:25.397-08:00For people retiring using Money Match formula, Fin...For people retiring using Money Match formula, Final Average Salary is not part of that formula. Should we still be concerned?<br />JackieJackiehttps://www.blogger.com/profile/00974530432711239349noreply@blogger.com