Local governments consider appeal of PERS rates, selling bonds to cover liabilities

The Public Employees Retirement Board (PERB) had not adopted new rates as of Monday leaving some government agencies waiting to appeal them based an anticipated increase.

The PERB board is considering a staff recommendation that would increase most rates paid by employers to help cover retirement liabilities.

The District 55 School Board is considering whether to join an appeal of the rates by the Oregon School Boards Association after new rates are adopted. The proposed…

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