Randy Pozdena Quoted About the Unsustainability of Oregon's Pension System

In a recent article published on April 14th (A $76,000 Monthly Pension: Why States and Cities are Short on Cash), The New York Times quotes longtime ECONorthwest economist, Dr. Randall Pozdena, who warned the Oregon legislature back in the 1990s that if reforms weren't made to the state's public employee pension system, Oregon would find itself in a financial crisis over time. Those predictions have proved to be true, with the State now grappling with budget gaps affecting public services, such as police funding, mental health services, and education spending.

Lauren ButlerBatch 2