Today in Oregon at least 70% of the PERS employees have their employee PERS contributions paid for them by their employer. The payment of employee PERS contributions by the public employer is known as the PERS pick up. PERS reports that during the 2011 – 2013 biennium, the PERS pick up will cost $874,000,000.
The public employer’s decision to pick up the employee PERS contributions is made by administrative employees who are PERS members. If they decide to have the employer pick up the employee PERS contributions their own employee contributions will also be picked up.
$874,000,000 is a lot of money and it could do a lot of good for all of the people of Oregon. The decision to use it just for the PERS pick up has been made exclusively by PERS members.
The information in this report was found on page 3 of the following PERS publication that can be found on the Oregon PERS website: Analysis of PERS Cost Allocation, Benefit Modification, and Financing Concepts, December 1, 2010.