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Tuesday, January 17, 2006

City Club on bluecoat pension system: Blow it up and start over

The City Club of Portland has published its latest report on the Portland police and fire retirement and disability system. Lots of dire warnings in there about the current system running the city into the ground financially. The report's bottom line: Get rid of the current system gradually over the next 30 years; and don't let any new hires into it, starting now.

The whole thing is here.

Comments (3)

Never thought I'd say this about a City Club report, but, spot on. The current system is unsustainable. We need to convince the younger safety officers that reform is in their future best interest.

Was that an ad hominem attack on Randy Leonard?

No, it wasn't. Neither Randy nor I have any control over the fact that we are old codgers.

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