Of all the things parents want to pass on to their children, debt is probably not one. House Speaker Tina Kotek has suggested doing it anyway.
One of the ideas she has been thinking about as a partial solution to the state pension program’s $27 billion unfunded liability is kicking the can down the road. Delaying payments. Stretching out the liability farther into the future.
The idea in pensionspeak is to lengthen the amortization period for the Public Employees Retirement System. In plainer language, that means stretching out the number of years used to calculate the time to raise the money to pay PERS pension benefits.