Hoffman: Fact checking on PERS costs

Salem Statesman Journal:

People say a lot about the Public Employees Retirement System.

Some say it’s going bankrupt. Some say it has no problems at all. Some say it leaves most retirees eating cat food, while others say most of them are buying a new car every two years.

None of that is true. Most retirees are living modest lives and the system is neither a disaster nor a paragon of perfection. It has its problems, but it’s not going bankrupt any time soon.

Other claims, however, cannot be fact checked with common sense. They sound like they could be true, or could equally well not be true. Most of these are statistics. So to help out, your friendly neighborhood reporter is here.

Read the full article here. Discuss below.

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