The study from the school's Center for Public Service aims to account for variations in retirement plans in Oregon, Washington state and Idaho. It compares three representative public employees: an accountant, a teacher and a police officer. It concluded that to get benefits in retirement that would be worth $1 million today, the Oregon workers would pay $160,000. Similar employees would pay $370,000 in Washington and $560,000 in Idaho.
An exception in Oregon would be the 30 percent of public employees who make a 6 percent contribution toward their pensions. Their payments would be about $320,000. Employers "pick up" that contribution for the remaining 70 percent.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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