Now They Want Your Kicker!

[MannyGlocks]

parallax,

"But. Just to cut them off of all the money I pay in income taxes is going to be epic..."

Hhmmm, I don't understand your post as I'm retired and still pay plenty of income tax. Being retired doesn't prevent nearly as much income tax bite in the butt as it sounds like you expect in addition to property taxes.

I only wish you were correct about that.

Sigh...

 

[RicInOR]

I think you still have to pay income tax on social security and retirement/pension... I could be wrong, but I have 40 years to figure that out.

This is a reason Oregon is not a good state to retire. Pick one where this is not the case.
There are other factors too.

 

[kenboy]

I thought that the kicker going back to the public could only be changed by the vote of the people.

I suppose I don't even know that much about it....

 

[kenboy]

I thought that the kicker going back to the public could only be changed by the vote of the people.

I suppose I don't even know that much about it....

 

[kenboy]

I thought that the kicker going back to the public could only be changed by the vote of the people.

I suppose I don't even know that much about it....

 

[Hawaiian]

OR does not tax SS benefits. They do tax pensions and 401k distributions.

 

[Connor Murphy]

So because workers were promised the sun and the moon in their pensions tax payers have to cover it?

The presence of a third party party payer (us) lends itself to extravagant promises/spending. OPM baby.

 

[Connor Murphy]

So because workers were promised the sun and the moon in their pensions tax payers have to cover it?

The presence of a third party party payer (us) lends itself to extravagant promises/spending. OPM baby.

 

[arakboss]

They always have and always will want our kicker. Some also want our Measure 5, pray they don't ever get that.

 

[CaptJack]

Honestly, seems to me the federal and state governments are wanting a revolution. It's like when You want to break up with a GF by making Her want to break up with you...lol Oh yes I did say that....

 

[Oregonhunter5]

You got to really LOVE living in Oregon to get pimped like you do.
Glad I left for good this time!!!

 

[parallax]

Gov. Kate Brown and Sen. Kathleen Taylor, should rally their base, their base should voluntarily, send back their kicker. while I should be allowed to keep mine if i choose.

 

[CoastRange57]

PERS is like a black hole, it sucks in all the money. The latest estimate I saw was a $29 billion deficit. Brown wants another $2 billion for schools but a large portion of that will be going into PERS.

In a round about way. She allocates another 2 billion in the budget for schools. All the liberals swoon and she trumpets her success in getting more money to the kids.

With the increased PERS liability, our local district will likely be paying and additional 2 million in PERS contributions, so the state gets it right back. Fing shell game.

 

[The Heretic]

PERS is like a black hole, it sucks in all the money. The latest estimate I saw was a $29 billion deficit. Brown wants another $2 billion for schools but a large portion of that will be going into PERS.

State workers get paid well below the private sector and most career state works feel that the pension makes up for it to some degree.

Yes, my parents worked for the state and got paid out of PERS, but unlike a 401K or SSI, when my dad died from cancer, my mom didn't get any of his pension, and when my mom died, neither did the family get any of her pension.

My brother, who has a degree in engineering physics and is high up in the ODOT hierarchy of engineers, makes less than I do, a self taught software dev with AS degrees.

So while PERS may be problematic, don't blame the workers - it is the state that mismanaged it, not the people to whom the money is owed.

 

[66PonyCar]

@The Heretic - no I don't blame the workers, I blame the politicians. Here's a link to an article which describes how PERS has been amended by the legislature and is the source of the underfunding problem.

The Problem With Oregon PERS - Cascade Business News

 

[RicInOR]

Put a line on the 40 form - what do do with the kicker, if any
- let people choose.

(not vote on what we all do - just their individual choice)

 

[66PonyCar]

Put a line on the 40 form - what do do with the kicker, if any
- let people choose.

(not vote on what we all do - just their individual choice)

I bet very few of them would choose to give up their kicker!

 

[Mark W.]

Nothing new these A holes try this every year.