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Deschutes County approves PERS side account, commits $5 million to secure state match
Summary
The board voted to establish a PERS side account using $5 million from county reserves to receive a 25% state match, a move county staff said should lower employer contribution rates over time and yield estimated lifetime savings.
Deschutes County commissioners voted Sept. 24 to establish a PERS side account by depositing $5,000,000 from the county PERS reserve fund to receive a 25% match from the State of Oregon (a $1,250,000 state contribution). County staff said the deposit would be amortized over 20 years and reduce future employer PERS rates; staff presented an estimated $10.3 million gross rate relief over the 20‑year period tied to a 0.39% credit in the current projection.
Robert Tinto, the county’s chief financial officer, and Cam Sparks, budget and financial planning manager, explained the mechanics and history of side…
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