On a wing and a prayer

I see that the face cards who are in charge of the bureaucrat and politician pension system in Oregon are up to their old tricks. Ted Sickinger of the O calls them out, as he periodically does, here.

If a private company behaved with its retirement plans the way Oregon government does, someone would probably go to jail. But it's a government deal, and and those folks get to just make stuff up.

Heck, the Portland police and fire pension system is 0 percent funded. As in zilch.

If you wonder where all your tax dollars are going – it sure isn't to public safety – learning a little about the PERS and the Portland police and fire pension system might be a good education. We're puttinng aside more for, and paying more to, retired government workers than you may ever have imagined.