Fiscal policy expert Joshua Sharf discusses PERA benefits for retirees. Did you know that 21% of Douglas County School District’s payroll goes to PERA contributions? And Douglas County school teachers pay an additional 11% of their pay to PERA. PERA has been underfunded, hence the efforts to compensate for it by drawing from teacher funds. Bills have supplemented the funding for PERA over the past 20 years. Since then, the original amount of money that employees are paying towards it has more than doubled. Lowering the retirement age may sound appealing in theory, but the problems outweigh the benefits. For instance, it would increase the portion of an employee’s paycheck that goes to PERA. Having to pay for others’ retirement funds before you can set anything aside for your own is unfair. Listen to the full interview in the first hour.
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