tag:blogger.com,1999:blog-11957094.post7159179881911715868..comments2024-03-26T20:09:19.458-07:00Comments on Oregon PERS Information: Nightmaresmrfearless47http://www.blogger.com/profile/03454690519716783056noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-11957094.post-66126399477778113252013-05-11T12:40:38.933-07:002013-05-11T12:40:38.933-07:00I have now briefly reread the OSPOA decision and c...I have now briefly reread the OSPOA decision and conclude that @Bob Smith is 100% correct. Even the dissent is OSPOA agrees that there is no way to retroactively remove this benefit, only prospectively.mrfearless47https://www.blogger.com/profile/03454690519716783056noreply@blogger.comtag:blogger.com,1999:blog-11957094.post-77478504178076578312013-05-11T12:22:01.577-07:002013-05-11T12:22:01.577-07:00Regarding Measure 8: The text of the initiative wa...Regarding Measure 8: The text of the initiative was, "Amends Oregon Constitution. State government, some local governments now pay full cost of employee pensions. Law now permits pension increase from unused sick leave. Measure requires employees to pay six percent of salary toward pension. Bars government on, after January 1, 1995, from contracting to relieve employees of contribution duty Anonymoushttps://www.blogger.com/profile/14898966152194033184noreply@blogger.comtag:blogger.com,1999:blog-11957094.post-28284239253243796282013-05-11T12:14:10.977-07:002013-05-11T12:14:10.977-07:00@Bob. I don't recall that issue being part of...@Bob. I don't recall that issue being part of OSPOA, but I confess to having not read the decision awhile. Measure 8 - the foundation of OSPOA - was, as I recall, aimed at the 8% guarantee and the 6% "pickup". It would be nice if OSPOA really did address sick leave so that a legal framework already existed to prevent the Lege from stopping the use at any point.<br /><br />mrfearless47https://www.blogger.com/profile/03454690519716783056noreply@blogger.comtag:blogger.com,1999:blog-11957094.post-50263643745908868282013-05-11T11:54:29.819-07:002013-05-11T11:54:29.819-07:00Thankyou so much for this informative blog. A que...Thankyou so much for this informative blog. A question. I thought that the issue of "pension spiking", at least as it pertains to the use of unused sick leave, had already been addressed by the OSC in the OSPOA decision. As I recall, the court unanimously agreed that the State had a contractual obligation to continue to use sick leave that had already been accrued in the FAS Anonymoushttps://www.blogger.com/profile/14898966152194033184noreply@blogger.comtag:blogger.com,1999:blog-11957094.post-7826847398661234132013-05-10T22:38:14.709-07:002013-05-10T22:38:14.709-07:00Great post Marc. I am a real case study regarding...Great post Marc. I am a real case study regarding worrying about anti spiking legislation. <br /><br />I retired February 2013 under the full formula option. I had exactly 30 years With the State of Oregon. I loved my job, but could not take a chance of losing close to $9000 a year if the legislature took away sick leave and vacation from calculating benefits under full formula. <br /><br /> Anonymoushttps://www.blogger.com/profile/03481675250863904595noreply@blogger.comtag:blogger.com,1999:blog-11957094.post-43636822679687330222013-05-10T17:59:44.602-07:002013-05-10T17:59:44.602-07:00@Done. The changes to the tax subsidy will occupy...@Done. The changes to the tax subsidy will occupy either when you retire, or January 2014 if you are already retired. As I understand it, the loss of the subsidy is prospective, not retroactive. Thus, if you are already retired, receive the subsidy, and reside out of state, the implementation calls for you to declare your residency and requirement (or not) to pay Oregon income taxes by Octobermrfearless47https://www.blogger.com/profile/03454690519716783056noreply@blogger.comtag:blogger.com,1999:blog-11957094.post-8279565026542552892013-05-10T16:09:08.707-07:002013-05-10T16:09:08.707-07:00Heres a quick question, Marc. With the new comput...Heres a quick question, Marc. With the new computations being forced on PERS for the "new" COLA, and the removal of the "bump" for out of state retirees, I don't have a lot of faith in PERS to compute the numbers in a timely fashion. Should they be late in the determination of how much the "bump" is, say, like August, would they have legal standing to Done with that!https://www.blogger.com/profile/14818195064479626792noreply@blogger.comtag:blogger.com,1999:blog-11957094.post-87345789445174892182013-05-10T15:42:20.668-07:002013-05-10T15:42:20.668-07:00@ilovefilm2. I suppose this might be an option bu...@ilovefilm2. I suppose this might be an option but taking away money that legally belongs to employees as part of their compensation has a certain illegal odor to it. If they do this prospectively they might get away with it for it diverts employee future contributions to offset any future costs to their retirement. For members paying their own 6% directly out of their salaries, this presents mrfearless47https://www.blogger.com/profile/03454690519716783056noreply@blogger.comtag:blogger.com,1999:blog-11957094.post-37256132463505426982013-05-10T15:04:07.380-07:002013-05-10T15:04:07.380-07:00Do also keep in mind that July 1 is the date that ...Do also keep in mind that July 1 is the date that more than half of all retirees pick for retirement, so a sneak attack aimed at a July 1 retirement date would yield much fruit for employers.mrfearless47https://www.blogger.com/profile/03454690519716783056noreply@blogger.comtag:blogger.com,1999:blog-11957094.post-6160248833880685992013-05-10T15:03:13.465-07:002013-05-10T15:03:13.465-07:00Great job of keeping us informed! Do you see any ...Great job of keeping us informed! Do you see any chance of the Legislature trying to redirect the 6% employee contribution from the IAP to the general PERS fund?Ilovefilm2https://www.blogger.com/profile/12853819262801324081noreply@blogger.com