PERS Side Accounts Workshop

January 17, 2018

Chemeketa Community College Auditorium - Building 6, 1st Floor, 4000 Lancaster Dr NE, Salem OR
Map/Directions

Are you wondering what, if anything, you can do to bring down your jurisdiction’s PERS costs? Join OSBA for a workshop on creating and funding ‘side accounts,’ which are dedicated funds invested with PERS and used to buy down individual jurisdictions’ PERS rates. This workshop will focus on the two sources of funding that can be used to set up side accounts – cash on hand, or issuing PERS bonds – and review whether it is prudent to do either under current market conditions. The workshop will feature speakers from Piper Jaffray and ECONorthwest.

LOCATION:
Chemeketa Community College Auditorium,
Building 6, 1st Floor,
4000 Lancaster Drive NE, Salem, Oregon [campus map]

 

Copies of the workshop materials and a video recording of the workshop will be available soon. 



This workshop will address the following questions: 

  • What are side accounts? 
  • How do side accounts work?
  • What are the new rules associated with funding side accounts?
  • How can side accounts be funded?
  • What did the PERS UAL Task Force suggest about matching for side accounts, and what are the prospects for success of creating an “Employer Incentive Fund”? 
  • What factors are important to consider when making the decision to fund side accounts from either source?
  • Given the current market environment, what are the probabilities of various investment returns on your side account over the long run? ECONorthwest will present an econometric analysis that investigates this question.

Workshop details:

Date: Wednesday, January 17, 2018
Time: 1:00-3:00 pm

NEW EVENT LOCATION!

Chemeketa Community College Auditorium
Building 6, 1st Floor
4000 Lancaster Drive NE
Salem, Oregon [campus map]

Parking:  The purple parking lot is closest to Building 6.  No special parking passes are necessary to park in the lot the afternoon of the workshop.

 

Copies of the workshop materials and a video recording of the workshop will be available soon. 


Because ECONorthwest’s study is proprietary and costly to produce, a fee will be charged to participate in the workshop.

Registration cost covers two attendees per jurisdiction and a copy of the analysis.

Workshop Registration Fees:
Cities/Counties/Special Districts/State Agencies: by population
School Districts: by ADM
ESDs and Community Colleges: by student FTE

Large jurisdictions (over 7,000) $1,200 
Medium jurisdictions (between 1,000-7,000)   $  750
Small jurisdictions (below 1,000) $  500

Scholarships may be available.  Call for additional information.

Remote access available.  Payment must be made prior to receiving workshop remote access number/code.

Cancellations: A $100 fee will be charged for each cancellation received after January 10, 2018. No shows will be billed the entire registration fee.

Registration:

Fill out the registration form and submit it by one of the following methods:

  • Email* your completed registration form to jleonhardt@osba.org
  • Fax* your completed registration form to 503-588-2813
  • Mail your completed registration form with a registration payment check to: OSBA, 1201 Court Street NE, Suite 400, Salem, OR 97301

*Registrants will be invoiced, or call Jane Leonhardt at 503-588-2800 to pay by credit card.

NEW LOCATION!

Chemeketa Community College Auditorium
Building 6, 1st Floor
4000 Lancaster Drive NE
Salem, Oregon [campus map]

Parking: The purple parking lot is closest to Building 6. No special parking passes are necessary to park in the lot the afternoon of the workshop.

Carol Samuels
Piper Jaffray
Managing Director
Public Finance Investment Banking

Carol Samuels is a managing director at Piper Jaffray and has worked with Oregon municipalities on financings of every type and description, traditional and non-traditional alike. She has emphasized work with school districts, cities and counties.

She is frequently called upon to serve on local commissions and boards and has served on panels charged with examining Oregon tax reform and the financing of education. Among such activities, she currently serves on the League of Oregon City's Finance and Tax Committee, which is charged with developing a proposal to overhaul the Oregon property tax system. She is a frequent presenter for, and former board member of, the Oregon Association of School Business Officials and the Oregon Government Finance Officers' Association, and was presented with the OGFOA Honorary Life Member Award in 2016, and Outstanding Contribution to Public Finance award in 2002. During the 1997 legislative session, she served as the tax and finance lobbyist for the League of Oregon Citites, during which time she represented cities in the drafting of Measure 50. As such, she has a strong understanding of the property tax system and other financing options for local governments. Formerly, Samuels worked in the public finance groups of U.S. Bank and Donaldson Lufkin and Jenrette in New York. She also worked as a financial analyst for the Metropolitan Transportation Authority in New York, and as a lobbyist for the Governor of New Jersey in Washington D.C.

 

Dr. Randall Pozdena
ECONorthwest
Senior Project Director

Randy specializes in quantitative economics, finance, and transportation economics. Randy joined ECONorthwest in 1991 and specializes in quantitative economics and finance and transportation economics. Randy uses mathematical modeling, statistical analysis, and forecast development services, to inform projects in banking and securities markets, real-estate economics, monetary policy, industrial organization, and litigation. Randy has authored over 50 published books and papers. He has taught courses in economics and finance at the University of California, Berkeley Graduate School of Business, and at the University of California, Irvine Graduate School of Business Administration. Prior to joining ECONorthwest, Randy was vice president of the Federal Reserve Bank of San Francisco.


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