SALEM, Ore. (AP) - The Public Employees Retirement System will send checks totaling more than a half-million dollars to nearly 3,000 retirees to fix incorrect cuts to their pensions.
The Statesman Journal newspaper reports (https://is.gd/srYj0S ) the issue arose when PERS tried to identify which retirees lived out of state for the purposes of a pension reduction that passed last year.
One pension cut included in Senate Bill 822 targeted a “tax remedy” that was created in 1995 as a way to help Oregonians cover part of the cost of income taxes on their retirement checks.
Because out-of-state retirees don’t pay Oregon income taxes, lawmakers decided they shouldn’t get the benefit.
The agency, however, had some problems figuring out who lives in Oregon and who doesn’t.
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Information from: Statesman Journal, https://www.statesmanjournal.com
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