tag:blogger.com,1999:blog-11957094.post7899047516311814505..comments2024-03-26T20:09:19.458-07:00Comments on Oregon PERS Information: Life Is Hardmrfearless47http://www.blogger.com/profile/03454690519716783056noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-11957094.post-68920111456727626892009-05-06T12:10:00.000-07:002009-05-06T12:10:00.000-07:00I happen to disagree with the 20% in 1999 as being...I happen to disagree with the 20% in 1999 as being a "mistake". Recall that PERS argued that this was the "correct" crediting in the City of Eugene case. It was only after the Legislature forced the issue in 2003 and required PERS to hire outside counsel did PERS switch sides and moved to join with the employers. The 1999 "overcredit" is a case of judicial interference. It is completely mrfearless47https://www.blogger.com/profile/03454690519716783056noreply@blogger.comtag:blogger.com,1999:blog-11957094.post-3118373003546985682009-05-06T11:09:00.000-07:002009-05-06T11:09:00.000-07:00At least 21% crediting reduction isn't all on PERS...At least 21% crediting reduction isn't all on PERS' head. There is the law suite brought by the City of Eugene and others. We can't over look Judge Lipbscomb's part. And there is our Gov (who promised to reform PERS without harming retirees!) who appointed an all new PERS Board to protect the interests of employers. I agree that this impact of the crediting reversal and the years of delay in MollyNCharliehttps://www.blogger.com/profile/05820177892587624434noreply@blogger.comtag:blogger.com,1999:blog-11957094.post-58677228960973059362009-05-06T09:03:00.000-07:002009-05-06T09:03:00.000-07:00And then there is the "mistake" PERS made in credi...And then there is the "mistake" PERS made in crediting Windowites with 21% earnings(which I didn't even know had happened...let alone asked for), and we retirees are being invoiced for the alledged "over payment".TruthSeekerhttps://www.blogger.com/profile/08800567590156927199noreply@blogger.comtag:blogger.com,1999:blog-11957094.post-24362453732520888472009-05-05T19:24:00.000-07:002009-05-05T19:24:00.000-07:00I had hoped the Bell verdict would make PERS more ...I had hoped the Bell verdict would make PERS more wary of their own estimates and would institute major QA changes at the PERS end. All it seems to have done is to make PERS audit more accounts for accuracy. It makes me afraid, very afraid that more and more of these FUBARs will turn up and retirees can never rest easily when they should be able to finally relax after putting in a lifetime's mrfearless47https://www.blogger.com/profile/03454690519716783056noreply@blogger.comtag:blogger.com,1999:blog-11957094.post-7830700038610254472009-05-05T16:58:00.000-07:002009-05-05T16:58:00.000-07:00In both the Bell and Lenon cases PERS made signifi...In both the Bell and Lenon cases PERS made significant mistakes in estimating benefits and in original benefit payments. In this most resent situation PERS mistakenly applied an insurance benefit. In all 3 situations PERS is being help harmless and the retirees are expected to re-pay the benefits PERS mistakenly paid! The sums of money are major. This impact on people's lives is devastating. MollyNCharliehttps://www.blogger.com/profile/05820177892587624434noreply@blogger.com