It passed with a 16 to 13 vote and now heads to the House for a vote.
This bill reduces the cost of living increases, or COLA, for retirees who earn more than $20,000 a year. The measure would also delay taxpayer contributions into future budget cycles and stop reimbursing out-of-state retirees.
Some lawmakers say the deductions would save local and state governments over $800 million in the next two years–money that would instead go to new education resources.
A retired government worker in Eugene told KEZI 9 News the PERS system shouldn’t be targeted to help fund schools.
“It’s unfair to hit retirees–people after they retire who retire on a certain understanding that this was built into their retirement,” said retired government worker Bart Lewis.
Senators in favor of the bill say asking workers to sacrifice their benefits isn’t easy but needs to be done to reinvest in our local schools.