The District 55 School Board will consider two actions regarding the Public Employees Retirement System, which has massive unfunded liabilities.
First, the board is considering whether to join the Oregon School Boards Association in a appealing a rate increase from 12.73 percent to 18.58 percent of payroll. This does not count the 6-percent employee “pickup.” Last year, information provided to school districts indicated rates would jump to at least 15 percent.
The Public Employees Retirement…