Instructional videotapes prove popular resource Last year, PERS completed and began to distribute five instructional videotapes designed especially for members close to retirement. The tapes have proven to be useful and popular additions to the PERS educational program. To date, over 350 tapes, either individually or in sets, have been loaned directly to members. Over 100 sets have been sent to employers to be viewed at work sites. Almost 100 members have filled out review cards after viewing tapes in the Member Resource Center at PERS headquarters in Tigard.
Videotapes are also available for viewing at local libraries.
More importantly, responses to the tapes have been consistently positive. The Variable Account After Retirement, and Benefit Calculation Methods and Factors. PERS Board is sued by local government employers Several local government employers have joined forces to sue the PERS Board over increases in their contribution rates. The suit contends the Board erred in several ways that caused increases in employers unfunded liabilities and contribution rates. These alleged errors included not using money from the Gain-Loss Reserve to lower employer contribution rates, operating the system for the exclusive benefit of members, and including gains from a member s variable account when computing the employer money match.