PUBLIC EMPLOYEES RETIREMENT SYSTEM IS ANOTHER SCAM ON TAXPAYERS

Lies, Distortions, Half-Truths, and Fraud regarding PERSPERS is really very simple. The key is the discount rate which calculates the capitalization for the pension. All PERS (Public Employees Retirement System) accounts in Oregon use the 8% discount rate. There are no exceptions. This is fixed and is not a variable. If you do this in the private sector you will go to prison. What states do is a lot worse than Wall Street, which is why PERS must be shut down.......
http://www.newswithviews.com/guest_opinion/guest203.htm
by Fred Starkey