Unions feel betrayed after Senate OKs public employee retirement cuts

kezi.com - 05-24


EUGENE, Ore. -- Employee unions across the state are feeling betrayed after the Oregon Senate approved a short-term pension fix that aims to cut employee retirement benefits. Teachers, firefighters and social workers are just some of the employees covered by Oregon's Public Employee Retirement System, or PERS, which has racked up more than $25 billion in debt over the years. That's what the state is trying to fix.