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Brown releases plan to offset rising school pension costs

Video Credit: KEZI - Published < > Embed
Brown releases plan to offset rising school pension costs

Brown releases plan to offset rising school pension costs

The Oregon Education Association, the state's largest teachers union, said the plan amounts to a salary cut for educators.

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Brown releases plan to offset rising school pension costs

The state's underfunded public employee retirement system... or pers.

But some of those public employees..

Are pushing back.

Educators right here in eugene...say they see brown's plan as a pay cut to teachers who are already underpaid.

Kezi 9 news reporter tyler jones is live in the studio to break down the part of brown's plan..

That teachers unions are fighting.

Tyler?

Matt..

Renee..

Right now..

Employers pay into pers for their employees' retirement.

Brown says her plan would help those employers...by offsetting the climbing cost of making those payments.

How it would work..

Is tier one and tier two employees would pay three percent of their annual salary..

And new employees would pay one and a half percent..

After they've been paid 20 thousand dollars.

That money would go into a new offset account..

And payments would continue for 14 years..

Or until pers is fully funded.

Brown's office says this plan won't impact teacher take- home pay --- but the union says it will still hurt them financially.

"when teachers in nearby states, such as washington, have taken action to raise student funding and school funding and they've actually seen pay increases -- to propose in oregon that teachers take a pay cut is really backwards.

It's not how we get there."

The local and state education associations say lawmakers need to take a stand against what they're saying are potentially illegal and unfair salary cuts.

The governor's office says that money will be coming from a retirement program that public employees already pay into -- not from their current take- home salary.

We reached out to the oregon education association after getting that clarification..

But have not heard back.

Live in the




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