OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Issue Position: PERA

Issue Position

Date: Jan. 1, 2012

PERA has operated for too long with a board that is unaccountable to taxpayers and with unrealistic projections about their investments. The system is not sustainable without endangering retirees, taxpayers, or both. Although we have a duty to continue to fund past PERA obligations, we can and must transition future obligations to a "defined contribution" system. Also, the composition of the PERA board must be changed so that only a minority of its members are PERA recipients.


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