Regarding the recent editorial on PERS reform: This was an untenable situation when we moved here in 2007, but the people elected to the state Legislature in 2006 did nothing about it. This same group was pretty much voted in again in 2008, 2010, 2012, 2014, and 2016, and continued to do nothing about it throughout all those sessions.
Now, here they are yet again, the same old flock returning to Salem like the swallows to Capistrano, and you think there's even a remote possibility that something will be different and they'll address it this time? You have a much higher likelihood of seeing a Bernie Sanders sticker affixed to my bumper.
The pity of it is that defined contribution plans, with money invested in equities for periods of 35 years or more, will provide retirees with more annual income at lower initial contribution costs than will defined benefit plans. Had such been in place over these many decades, everybody would be better off and there would be no unfunded liabilities to grouse about in newspaper editorials.
In the real world, we will see absolutely nothing accomplished between now and the second Tuesday of November 2020. On that fateful day, the seas and the mountains will still abide, the sun will also rise, and, alas, the same flock will begin its journey back to its Salem nesting grounds.
Corvallis (Jan. 29)