Legislators must not wimp out on PERS issue

The recent news about Oregon’s Public Employees Retirement System was gloomy, but the response was understated – almost as if we’re all getting inured to continuing high cost of questionable decisions made years ago. And yet we should ignore this rollout of bad news only at our peril.

The latest figures from the state Treasury Department show that public employers – including our local governments and school districts – will pay $885 million more next biennium for PERS. The Oregonian reported this will mean a 44 percent increase in what public employers are paying to support the system . . .