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DailyTidings.com
  • Oregon Legislature to take a look pension cuts

  • SALEM, Ore. — The budget committee of the Oregon Legislature takes up a Democratic effort to curb pension benefits for public employees on Friday.
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  • SALEM, Ore. — The budget committee of the Oregon Legislature takes up a Democratic effort to curb pension benefits for public employees on Friday.
    The committee could advance the measure to the Senate for a vote as soon as Tuesday.
    The measure would reduce cost-of-living increases in retirement checks on a graduated scale. It also would eliminate supplemental tax payments for retirees living outside Oregon. Public-employee unions oppose the measure, but Democrats say it's necessary to boost school funding.
    Republicans are vowing to oppose the Democratic measure. They say it's too paltry to effectively deal with rising pension costs.
    Gov. John Kitzhaber's office says he'll sign it.
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