WEATHER IN LINCOLN COUNTY


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PERS storm clouds in 2017 – Hurricane force winds by 2019?

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2017 is going to be a bumpy year for PERS as cost of living increases owed, and now accumulating annually, will rock the state budget, probably rather violently by 2019. Up to a billion dollar increase in retirement costs for those who have gone into retirement, or who are about ready to, will hit city, state and school district budgets rather hard – schools the hardest – this at a time that the legislature is trying to more properly fund K-12 education.

This week’s meeting of the governing boards of PERS and the Oregon Investment Council outlined a less than happy outlook for the state budget which will likely be strained as never before.

Here’s the story in The Oregonian: Click here.

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