Tina Kotek on Social Security

	Tina Kotek on Social Security

Reduced pension contribution for long-term solution

The retirement plan has two parts: a basic pension and a savings account akin to a 401(k). Lawmakers voted to reduce the amount of money going to the savings account. "While there is no perfect solution, we needed to address the rising rate costs that threaten public employee jobs and critical services," Kotek said. "Reducing these rates will result in real savings that will give public employees long-term protection for their retirement security and maintain services that Oregonians rely on." Source: Portland Tribune on 2022 Oregon Gubernatorial race , May 30, 2019

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