Democrats in the Oregon Legislature are taking a small step to reform an unsustainable public pension system. They should get some credit for crossing public employee unions, a core constituency. But it’s still only a small step. Whether Oregon public pensions are too generous is a matter of opinion. There currently are 118,000 PERS beneficiaries. The average recipient worked for 22 years, retired at age 59, receives an annual pension of $32,064 and can look forward to automatic cost-of-living increases. But the Public Employees Retirement System hasn’t become an issue because of benefits for rank-and-file workers. Nor has anti-union sentiment …
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