"Oregonians should discuss PERS-reform options that they, as citizen legislators, can enact.... Why not think beyond the incremental changes to which the Legislature is best suited and consider creating a pure defined-contribution plan for new PERS members? ... Present-day Oregonians may find themselves stuck with a cripplingly expensive pension plan whose costs they have virtually no ability to control. The least we can do in that case is spare the next generation or two from the same fate."  MORE >>