REVEALED: Oregon public university president receives a $76,111 A MONTH taxpayer-funded pension
- Dr Joe Robertson retired as president of the Oregon Health & Science University in October last year
- The 66-year-old is receiving a monthly taxpayer-funded pension of $76,111
- His pension is considerably higher than what the average family in Oregon earns a year with the median household income being $57,532 in 2016
- His high pension is a result of the Oregon Public Employees Retirement System
- Pensions paid out by PERS are reportedly consuming other essential spending
By Emily Crane For Dailymail.com
PUBLISHED: 10:08 EDT, 15 April 2018 | UPDATED: 12:19 EDT, 15 April 2018
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A former Oregon eye surgeon and public university president is receiving a $76,111 a month taxpayer-funded pension after retiring late last year.
Dr Joe Robertson, the former president of Oregon Health & Science University, will receive an annual pension of $913,000, which is the state’s largest public pension.
The 66-year-old’s pension is considerably higher than what the average family in Oregon earns a year. The median household income for the state was $57,532 in 2016, according to Census data.
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Why should the taxpayers be one the hook for something that’s impossible for them to get?
It puts a burden on future taxpayers that they can’t escape.
And, in the case of the average fixed pension, inflation can ravage the purchasing power of the pension.
By making it a defined contribution plan, the taxpayer is off the hook for a future liability.
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