SALEM, Ore. (AP) -- Oregon Gov. Kate Brown has released her plan to pay down the state's $26 billion pension debt.
The governor said Friday she wants to raise $3.3 billion over the next 16 years by taking money from other streams of revenue.
She's also asking teachers to contribute a portion of their pay to the state's pension fund. Teachers would pay between 1.5 and 3 percent of their salary depending when they were hired.
The Oregon Education Association, the state's largest teachers union, said the plan amounts to a salary cut for educators. Teachers are planning a walkout May 8 to protest a lack of school funding.
KEZI spoke to Governor Brown's office, and they clarified where that money would be taken from.
They said teachers would not see an impact on the money they currently take home. Instead, the money would come from their Individual Account Program through PERS, which every public employee already pays into.
After receiving that clarification, KEZI reached out to the Oregon Education Association but we have not heard back.
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