The Oregon Supreme Court Thursday overturned several of the cost-cutting reforms to the Public Employees Retirement System enacted by the 2013 Legislature. It will restore some benefits to retirees and workers, but is also leaves government agencies and school districts facing higher PERS contributions in the near future. It wipes out hundreds of millions of dollars in savings carved out when the Legislature cut cost of living adjustments for retirees and employees.
KLCC'S Angela Kellner spoke with Salem Correspondent Chris Lehman Thursday afternoon about the ruling and possible implications.