PERS Coalition Statement on SB 1049 retirement reductions passed by Oregon Senate
Over the opposition and testimony of Oregon teachers, firefighters, nurses and public employees from across the state, the Oregon Senate today voted to reduce their retirement security and force the state into another lengthy and expensive lawsuit on PERS.
Under SB 1049, at retirement PERS members would have between 7 and 12.5% less in their individual retirement accounts, according to the PERS agency.
“Today Oregon firefighters presented the colors and carried the flags on the occasion of national fire service day. Several Senators spoke about the importance of honoring the service, dedication and sacrifice of Oregon firefighters. Then they voted to cut our retirement benefits. This is a sad day for Oregon.” Karl Koenig, President, Oregon State Firefighters Council.
“The Oregon Senate has voted to reduce the retirement security and compensation for educators, firefighters and all public employees. These unfair and illegal reductions are a betrayal of Oregon values. The Oregon House should vote no to avoid another expensive and lengthy PERS lawsuit,” John Larson, President of the Oregon Education Association.
About the Keep Oregon’s Promise Coalition
The Coalition is made up of the people who teach our children, protect our life and property, repair our roads and bridges, and keep our communities healthy and safe. Members include:
Oregon Education Association, SEIU Local 503, Oregon State Firefighters Council, Oregon Nurses Association, Oregon AFSCME, American Federation of Teachers, Oregon School Employees Association, Teamsters Local 223, District Council of Trade Unions, Association of Engineering Employees, American Association of University Professors, Oregon State Police Officers Association, Association of Oregon Corrections Employees, Portland Police Association, Oregon PERS Retirees, Inc., Professional and Technical Employees Local 17