Oregon Public Employees Retirement System -- Administration, Oregon -- Officials and employees -- Pensions -- Taxation
Driven largely by dramatic increases in Oregon Public Employee Retirement System (PERS) costs, Oregon’s local governments face historically unprecedented increases in their “Total Employer Costs of Compensation,” or “TECC costs.” Even with 3% annual growth in general fund revenues under Oregon’s strict, voter‐passed property tax limits, the resulting budget squeeze could force reductions of 10% or more in the number of public employees who provide key public services – from police and fire/emergency medical protection to education, health care, and infrastructure maintenance.
Portland State University. Hatfield School of Government. Center for Public Service and Keisling, Phil, "Oregon’s Looming “TECC” Challenge: The Imminent Rise of “Total Employer Costs of Compensation” for Oregon Local Government" (2017). Center for Public Service Publications and Reports. 26.