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Local News

Still One PERs Bill in the Legislature


The lone PERs Reform Bill is still alive in the Oregon Legislature. If passed, the bill would cut a PERs tax benefit for future public retirees who move out of the state. Jason Conger of Bend is on the House Business and Labor Committee. He and the rest of the group all voted to move it to the Ways and Means Committee with a recommendation to pass. "If you were a retiree living on a fixed income and you had the opportunity to move 20-50, 100 or even a couple hundred miles into Washington, and you could save 10% or basically increase your check by 10%, you might consider doing that. And so a very significant number of retirees do exactly that; PERs retirees.” Public employees who retire under PERs currently receive extra money each year to cover the cost of Oregon State Income Taxes on their pension benefits, and currently they still receive that money even if they've moved out of state and no longer pay Oregon taxes. The bill cuts the benefit only for workers who retire after January 1st, 2012, and then move out of state.

 

 

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