Regional News

Kulongoski Recommends Cuts to PERs

Governor Kulongoski revises his recommendations to incoming state leadership on how to handle the State's budget crisis. It involves deeper cuts to Public Employees' Retirement Programs (PERs). Yes, Governor Ted Kulongoski says, they're recommending termination of a Public Employees Retirement Program that's similar to 401-K but the solution goes way beyond benefit reductions.  Kulongoski said the next legislature will have to act to stop deep rivers of debt that run well into 2015. And it includes significant reductions in state services. He said he expects incoming Governor Kitzhaber will use some of his reset cabinet's suggestion in planning the next budget.

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