Monday, August 4, 2014

Some PERS rate relief in sight for public employers, thanks to reforms and big returns

The Oregonian
July 30th, 2014

Legislative reforms to public pension benefits, coupled with higher than expected investment returns, have stanched the meteoric rise in required contributions to Oregon's public pension system, the system's actuary says.
Barring a decision by the Oregon Supreme Court that those benefit changes were unconstitutional, the news will bring relief to lawmakers' budget discussion next year and take the politically uncomfortable conversation of further pension cuts off the legislative to-do list.

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