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- A tumblr site dedicated to the people and places that make up Oregon and Southwest Washington.
BillS asks for more facts. PERS produces a document each year called "PERS By the Numbers". Here is a link to the most recent copy: http://oregonpers.info/library/Download.aspx?docid=1180
It is full of information about retirees and the system. There has been considerable focus on retirees making more in retirement than they didy working. According to PERS latest report, the average PERS retiree makes 55% in retirement of their final average salary. The average for people that worked 30 years is 80%.
For retirees from 1990-2008, the average monthly retiement benefit at retirement was $2,091. A couple of other intersting facts include, "the annual benefit to Oregon from PERS retirees is $3.3 billion". The economic activity generated by PERS benefit payments sustains an estimated 30,678 jobs and add approximately $900 million in wages to the Oregon eonomy. The State of Oregon collected an estimated $110 million in income taxes on PERS retirees benefits during 2008.
The last two pages of the report show the distribution of where PERS retirees live. It is also pretty interesting.
The PERS by the numbers is 20 pages and includes a good many graphs.
posted 3 years, 6 months ago
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