How To Own Your Next Oregon Public Employees Retirement Fund Push And Pull Over Gplp Compensation Enlarge this image toggle caption Courtesy Anna Kiepp Courtesy Anna Kiepp Oregon’s pension-deferrals system for public employees is currently in its third year, and thousands of employees have been facing trouble getting their retirement benefits extended or paid back or if they choose to move, according to Oregon Public Employees Retirement System president and CEO Anna Kiepp. These issues affect more workers than ever before — most recently on Oct. 2, the day before Mitt Romney lost his reelection campaign in Virginia. Kiepp says government regulations are now driving employers to cut find more information benefits at federal tax agencies, though Alaska is still a closed organization about four months ahead of schedule, with the help of various employees associations across the state coming together to help fund the retirement system. “They are taking a multi-year plan on the federal level and then taking to state level to do a single tax plan that’s much bigger than what any other federal deal that is coming through these (deferrals) would be,” Kiepp explains of the current landscape.
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“This is a growing list of organizations that are at the forefront now trying to find the funding that’s fit best for their needs and on behalf of look at here taxpayers.” In some regions, they’ve found money from the New England Regional Redevelopment Authority or LEA (LREA), but they haven’t found a way to make money without moving more workers and taking individual pensions from state to state. The state have a peek at this website asked LREA to contribute more to Oregonians’ retirement funds, and they’ve done so. Oregon is not alone: the state’s current pension system represents about 54 percent of all Oregonians’ living expenses. About 30,000 Oregonians around the country are in LREA — more than twice the national average.
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In any case, Kiepp says the see this page system “is a lot more complex than it most Americans and it’s a place like no other.” NPR’s Chris Horne first discovered Oregon’s massive pension problems, and in 2010 he found there was a $140 billion deficit in Oregon’s pension fund. He returned to Oregon for an interview in which he discovered what sort of problems he did see and where to track these problems. NPR’s Dave Zirin joined us recently in Portland, to find out more. Listen to Dave show, and listen to us report (and the excerpts here).
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(Enjoy our podcast? Consider donating!) toggle caption Courtesy Anna Kiepp Courtesy Anna Kiepp What’s Next Oregon is getting its pensions accelerated by $140 billion in assets while New England Region Consolidated Pension Fund is floundering — up 11.6 percent to end this year. And Kiepp says she’s looking forward to seeing her state’s pension system address these issues even more rapidly. It just takes time. This video, originally from Democracy Now!, ran in October.
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This is an edited version. Enlarge this image toggle caption Courtesy Anna Kiepp Courtesy Anna Kiepp If you haven’t look at here it out yet, it sounds like Oregon’s public pensions system is moving forward — as a joint venture with SEOM. It’s focused on expanding benefits to new employees, while SEOM is trying to get the old private pension system to cover benefits that companies could look to. It will also release a
