What Is PERS And Why Does It Impact Ashland’s Budget?

What is PERS? PERS stands for the Public Employee Retirement System and constitutes the retirement pension system for Oregon public employees including, but not limited to, our police, fire fighters, and school teachers. Oregon PERS is currently underfunded by $27 Billion dollars statewide1. Subsequently for most municipalities, 25% of total payroll costs are allocated toContinue reading “What Is PERS And Why Does It Impact Ashland’s Budget?”