Dear Members,
After slashing PERS benefits by $800-million last spring, Oregon’s legislature has added insult to injury this week by making additional cuts to cost-of-living (COLA) adjustments for PERS retirees in a special session called by Governor Kitzhaber. Overtime, these laws will raid PERS pensions of $4.6 billion in benefits and create a future of uncertainty for seniors who held up their end of the bargain by working hard to provide quality education and other vital public services for our communities.
We realize that our schools, colleges and universities are underfunded – class sizes