First Advisor
Sarah Engle
Date of Award
Spring 6-2024
Document Type
Thesis
Degree Name
Bachelor of Science (B.S.) in Business: Accounting and University Honors
Department
Business
Language
English
Subjects
Pension, Portland, Police, Firefighters, Reform, Accounting
DOI
10.15760/honors.1501
Abstract
Established in 1942, the Fire and Police Disability and Retirement (FPDR) fund was intended to attract young men to serve as firefighters and police officers in the city of Portland. FPDR provides defined benefit retirement payments to some 2000 retirees from Portland Fire and Rescue and the Portland Police Bureau. Portlanders are obligated to pay these benefits through a property tax levy determined by the proprietors of the Fund itself. The overall liability owed to these retirees, and current employees, accounts for more than half of all liabilities owed by the city of Portland, representing a fiscal burden that calls for extensive reforms. This project examines the history of the fund, its modern status, and offers recommendations for its reform through an analysis of financial statements and review of relevant literature.
Persistent Identifier
https://archives.pdx.edu/ds/psu/42084
Recommended Citation
Roth, Noah, "FPDR and Portland: A Concerned Accountant's Perspective" (2024). University Honors Theses. Paper 1470.
https://doi.org/10.15760/honors.1501