GOVEROTRAGEOUS: End Gooferment defined benefit pension plans immediately

Friday, April 20, 2018

http://www.dailymail.co.uk/news/article-5617901/Oregon-public-university-president-receives-monthly-76-111-pension.html

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

*** begin quote ***

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.

*** end quote ***

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.

Argh!

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