Growing pension costs for Salem-Keizer would eat up the proposed state school funding increase. This should spotlight the whole state employee pension thing – from how it’s funded to the actual investments themselves. A portion of the taxes we all pay the state is invested to pay for the pension of every state employee (from governors down to DMV clerks), and they’re paid in perpetuity after they retire. If the manager of those investments chooses underperforming funds to keep up with contractual obligations, they have to pump more money in, which means the state needs more from you and me. Considering that after the election, the stock market and Bitcoin made huge gains based on the outcome, I have to ask where are the fund managers puttin’ the money. Sounds like a dry hole to me.
TwiceRetired.org - Commonsense Commentary
Common sense puts the money in your wallet. Use your vote to keep it there.
