- Associated Press - Saturday, April 5, 2014

SALEM, Ore. (AP) - The Public Employees Retirement System will send checks totaling more than a half-million dollars to nearly 3,000 retirees to fix incorrect cuts to their pensions.

The Statesman Journal newspaper reports (https://is.gd/srYj0S ) the issue arose when PERS tried to identify which retirees lived out of state for the purposes of a pension reduction that passed last year.

One pension cut included in Senate Bill 822 targeted a “tax remedy” that was created in 1995 as a way to help Oregonians cover part of the cost of income taxes on their retirement checks.

Because out-of-state retirees don’t pay Oregon income taxes, lawmakers decided they shouldn’t get the benefit.

The agency, however, had some problems figuring out who lives in Oregon and who doesn’t.


Information from: Statesman Journal, https://www.statesmanjournal.com



Click to Read More

Click to Hide