April 19, 2017

It is an interesting question to ponder even as far fetched as it would seem. Yet, that is what may happen soon in California as a number of appeals court rulings have reversed long held CalPERS policies. The court's rationale in these reversals undercuts the reasoning of errant Oregon Supreme Court rulings on PERS on the very same issues, thus leading to the idea that the Oregon Supremes may be forced into similar reversals for these reasons. This possibility becomes even more likely as the devastating effects of PERS employer rate increases on the state and local government  budgets (possibly hitting 40% in a few years) creates enormous pressure for the Oregon Supremes to reverse themselves.

It should be noted that the expectation is that the C...

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