District won't see PERS changes for two years
The Oregon Legislature approved a package of bills designed to reduce the cost of public pensions during a special session on Wednesday, Oct. 2.
What do the Public Employees Retirement System (PERS) reforms mean for Estacada?
At the moment, not a whole lot, according to Donna Cancio, Estacada School District business manager.
The PERS legislation that was passed will not affect our rate for the current biennium, Cancio said.
Cancio explained the legislation will have no effect on the budget for either the 2013-14 or 2014-15 school years.
It is unclear at this point what the PERS legislation will mean for the 2015-16 school year.
Cancio said a lot of things can happen between now and then, including the possibility that the PERS legislation will be challenged in court.Add a comment