Featured Stories

Other Pamplin Media Group sites

Local Weather

Mostly Cloudy



Mostly Cloudy

Humidity: 70%

Wind: 6 mph

  • 29 Aug 2014

    Mostly Cloudy 77°F 60°F

  • 30 Aug 2014

    Partly Cloudy 76°F 58°F

County ponders increased PERS costs

Multnomah County spending on pension benefits will rise an estimated $13 million in the next fiscal year, the equivalent of a 4.35 percent pay raise for most of the county workforce.

The increase stems from the rising cost of county payments to the Oregon Public Employees Retirement System. PERS costs are skyrocketing for state and local governments largely to cover the pension fund's investment losses during the Great Recession.

Mark Campbell, the county chief financial officer, will brief Multnomah county on PERS at about 9:45 a.m. Thursday, Dec. 20. The full commission meeting begins at 9:30 a.m. at 501 S.E. Hawthorne Blvd.