OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Issue Position: PERS

Issue Position

Date: Jan. 1, 2020
Issues: Senior Citizens Employment and Affirmative Action Entitlements and the Safety Net

The Public Employee Retirement System has effectively bankrupted our fabulous State. This Super Majority Legislature has kicked this can down the road for years to no avail. The only solution they propose is to increase taxes. As has been pointed out above, businesses and citizens are currently being taxed to extreme limits. I support a proposal that would draw a line in the sand, drop the PERS program as currently maintained and start anew. That proposal apparently would function more like a 401K retirement plan. This proposed program would not in any way affect those currently on PERS. It would only apply to new hires from the day the line was drawn. Even then as I understand this new proposal it would take at least 30 years for all current PERS participants to drop off eliminating the old program. I see no way that raising additional taxes will bail out the program, especially now that markets have tanked during Covid-19.


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