During the economic downturn, many people who thought they were on the verge of retirement changed their plans as their savings diminished. Instead, some Americans chose to stay in their jobs a few years longer to try to earn back some of what they lost.
There’s an additional factor in Oregon: some public employees are retiring early in order to avoid reductions to their Public Employee Retirement System (PERS) benefits. The PERS system has seen a 44 percent increase in retirees this year, in part due to employees who want to avoid the cuts.
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OPB | Sept. 22, 2016